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July 2015

Second Quarter 2015 Market Reviews

Industrial Market Enjoys Recovery Phase of Real Estate Cycle

Chicago’s industrial market gained momentum during the second quarter with strong market fundamentals:

  • Positive net absorption of 6.6 million 
  • Vacancy rate improved to 7.7%
  • Construction completions total 6 million SF
  • 9.8 million SF under construction

Please take a closer look at second quarter industrial market activity which includes charts, graphs and tables highlighting historic market fundamentals, year-to-date figures, significant sale and lease transactions for the overall industrial market as well as a breakdown by submarket. This report has been expanded and now includes the addition of the Southwest Cook submarket.
 
Download the complete industrial market review.

Office Market Fundamentals Show Year-To-Date Improvement

Suburban office market fundamentals remained solid year-to-date despite flat results in the second quarter: 

  • Year-to-date net absorption remains positive 130,000 SF
  • Vacancy rate relatively unchanged at 18.37%
  • Demand continues for class “A” space

The CBD office market improved during the second quarter: 

  • Positive net absorption of 314,000 SF
  • Vacancy rate decreased to 11.85%
  • Improved demand for class “B” space

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

Download the complete office market review.

For further information regarding the content of these market reviews, please contact:
Kelly Brown DeBouver | 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

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