Skip Ribbon Commands
Skip to main content

United States | Chicago, IL

Report | Chicago Suburbs Office Insight - Q2 2016

Summary

Despite perceptions to the contrary, we see many suburban tenants continuing to expand and seek new amenity-rich properties within the Chicago suburban footprint. Recently, telecom giant Verizon moved from its 125,000 square foot location in Elgin to a new 160,000 square foot space in Rolling Meadows. 

We found that companies can save more than $15.00 per square foot on average (Q2 2016) for Class A space in Chicago’s suburbs compared to the CBD.

A broader tenant shift towards Class A space has brought opportunities within the existing Class B suburban market, especially in the Northwest submarket. As of Q2 2016, the Class B vacancy rate in Northwest now exceeds 35 percent.

To access the report, simply complete the form.

Please fill out the form to access the report.
Trouble downloading? Please click the following link.