Industrial Market Posts Strong Positive Net Absorption

Chicago’s industrial market continued to experience improving market fundamentals during the first quarter:

• Positive net absorption of 3 million SF
• Vacancy rate improved to 7.84%
• Construction completions total 3 million SF
• 12.7 million SF under construction

Please take a closer look at first quarter industrial market activity which includes charts, graphs and tables highlighting historic market fundamentals, significant sale and lease transactions for the overall industrial market as well as a breakdown by submarket. 

Download the complete industrial review

Suburban Office Vacancy Improves, CBD Vacancy Rises

Suburban office market fundamentals improve first quarter:

• Positive net absorption of 360,000 SF
• Improved vacancy rate at 18.19%
• Strong demand for class “A” space

The CBD office market weakened slighted during the first quarter:

• Negative net absorption of 190,000 SF
• Vacancy rate rose to 12.08%
• Weakened demand for class “B” space

Please take an indepth view of the state of Chicago’s office market that includes chart, graphs and tables highlighting historic market fundamentals, significant sale and lease transactions for the overall office market as well as a breakdown by submarket.

Download the complete office review 

For further information regarding the content of these market reviews, please contact:
Kelly Brown | Senior Research Manager
630 693 0645
kbrown@hiffman.com

If you are interested in attending a custom market overview presentation, please contact:
John R Picchiotti | Chief Operating Officer, Brokerage
630 691 0608
jpicchiotti@hiffman.com