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Third Quarter Market Reviews

Industrial Market Continues to Gain Momentum

The Chicago metropolitan area industrial market posted impressive third quarter results:

  • Positive net absorption of 9.4 million
  • Vacancy rate declined to 7.2%
  • Construction completions totaled 5.2 million SF
  • 10.6 million SF under construction

Please take a closer look at third 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.

Suburban and CBD Office Markets Tighten

The Chicago suburban and CBD office market fundamentals showed third quarter improvement, marked by positive absorption totals and declining vacancy rates.
 
The suburbs garnered over 500,000 SF of positive net absorption, dropping the vacancy rate to 17.9%. Absorption in the CBD totaled 265,000 SF, decreasing vacancy to 11.6%. 
 
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
kdebouver@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

NAI Hiffman awarded leasing and management of 955,000 SF Regent O'Hare

Retailers and e-tailers grapple for the evolving consumer