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Office Insight

United States | Chicago, IL

Report | Chicago Suburban Office Insight - Q3 2015

Summary

In the third quarter a few suburban submarkets played a game of musical chairs. The best example of this was between tenants Catamaran, Barilla and Baxalta. 

Barilla and Catamaran were both previously tenants of 1200 Lakeside, which is now the home of Baxalta, a spin-off of Baxter. Baxalta was in the market for 260,000 square feet of space. So where did Barilla and Catamaran move to? 

Catamaran employees moved to the company's Schaumburg location after a series of acquisitions. Barilla decided to move its employees to the Former Plunkett Furniture store at 885 Sunset Ridge Road in Northbrook. This series of moves netted the North Cook County submarket a positive 75,000 square feet of absorption and the North Lake County submarket a positive 80,000 square feet of absorption this quarter.

Learn more about what’s happening—and what we expect to occur in the coming months—in the suburban Chicago office markets. 

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