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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

NAI Hiffman awarded leasing assignment for Westbrook Corporate Center and Pointe O’Hare by new ownership

NAI Hiffman and NAI Partners announce joint venture to elevate leasing and management platform in Houston, Austin and San Antonio