fbpx
July 2017

Brian Edgerton’s 2017 Mid-Year Medical Office Review & Forecast

Across a 42.2 million-square-foot inventory, the Chicagoland medical office market has been relatively flat over the past 18 months, with a year-to-date total net absorption of negative 112,000 square feet following an overall 2016 net absorption of 118,000 square feet. As a result, the vacancy rate has hovered between 12.5% and 13% during this time period. While the previous six years have seen a consistent absorption of space, averaging over 210,000 square feet per year between 2010 and 2015, the recent slowdown in activity may be a circumstance of the current political climate.

Recent Blog Posts

Brokerage
News
Hiffman Represents Seller in $4.5 M Industrial Sale
May 2022

Hiffman Represents Seller in $4.5 M Industrial Sale

Brokerage
Culture
News
Ring the Bell! Basile Hosts Celebratory Luncheon
May 2022

Ring the Bell! Basile Hosts Celebratory Luncheon

Brokerage
News
Five Leases Signed at Lisle Building as Suburban Leasing Catches up with Downtown
May 2022

Five Leases Signed at Lisle Building as Suburban Leasing Catches up with Downtown