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Chicago MarketBeat Reports

Linsey Smith • 10/15/2020
Cushman & Wakefield MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.

 

Learn more about our local markets and property types by clicking our most recent Chicago MarketBeat reports below.

 

Upon the arrival of COVID-19 in the U.S., the economy entered a recession in March 2020, recording the worst decline in post-war history in Q2 2020. Mounting evidence indicates that the recovery began in May or June with Q3 2020 data likely reflecting that. But, until there is a public health resolution to the pandemic, the recovery is likely to remain uncertain and gradual. Only then can households and businesses become more confident.

Current Marketbeats

Office MarketBeat Report
Q3 2020 Chicago CBD Office Report

In the third quarter of 2020, Chicago’s Central Business District (CBD) recorded continued deceleration in demand with just 4.2 million square feet (msf) transacted year-to-date (YTD), a 50.6% decrease YOY. 

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Office MarketBeat Report
Q3 2020 Chicago Suburban Office Report

The suburban Chicago office market reported continued leasing deceleration in the third quarter. Year-to-date (YTD) leasing activity declined 23.2% YOY to 2.6 million square feet (msf) with Q3 new leasing decreasing 48.7% YOY to 559K square feet (sf). 

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Industrial MarketBeat Report
Q3 2020 Chicago Industrial Report

The Chicago industrial market remained active through the third quarter of 2020, propelled by persistent demand from e-commerce users, who accounted for 34.8% of new leasing. Year-to-date (YTD) new leasing totaled 28.9 million square feet (msf), up 6.4% year-over year (YOY). 

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Multifamily MarketBeat Report
Q4 2019 Chicago Multifamily Report

Multifamily demand reached a new high in 2019 as net absorption in the Chicago metro area surpassed 10,000 units. This record level of absorption helped push metro-wide vacancies to a four-year low.

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Featured Insights: Current U.S. MarketBeats

Q3 U.S. Office MarketBeat Report Card Image
MarketBeat • Escritório

Office Reports

Cushman & Wakefield MarketBeat reports analyze quarterly commercial real estate activity including supply, demand and pricing trends.
Kenneth McCarthy • 10/14/2020
Q3 U.S. MarketBeat Industrial Report Web Card Image
MarketBeat • Industrial

Industrial Reports

Cushman & Wakefield MarketBeat reports analyze quarterly commercial real estate activity including supply, demand and pricing trends.
Jason Tolliver • 10/8/2020
Q3 U.S. Retail MarketBeat Report Card Image
MarketBeat • Varejo

Shopping Center Reports

Cushman & Wakefield MarketBeat reports analyze quarterly commercial real estate activity including supply, demand and pricing trends.
Garrick Brown • 10/14/2020

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