Chicago MarketBeat Reports

Linsey Smith • 2/3/2020
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.

 

The U.S. economy ended the year on an optimistic note. Businesses continued to add jobs at a healthy clip. Employment in the key office-using sectors increased by 150,000 jobs in the fourth quarter. Consumer confidence remains high. Wages are rising faster than inflation, yielding extra spending power, reflected in the 18.8% increase in online shopping over the holiday season.

Current Marketbeats

Office MarketBeat Report
Q4 2019 Chicago CBD Office Report

In 2019, Chicago’s Central Business District (CBD) recorded its strongest year of leasing of the decade, with 10.4 million square feet (msf) of new leasing through Q4, a 2.5% increase from one year ago. Demand was focused on Class A product, which accounted for 5.9 msf (56.5%) of new leases, up 5.3% YOY.

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Office MarketBeat Report
Q4 2019 Chicago Suburban Office Report

The suburban Chicago office market reported continued deceleration in the fourth quarter of 2019. Annual leasing activity declined 8.5% year-over-year to 4.4 million square feet. Despite the overall slowdown in the suburban market, there were some bright spots.

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Industrial MarketBeat Report
Q4 2019 Chicago Industrial Report

The Chicago industrial market remained strong in 2019. New leasing totaled 34.8 million square feet (msf), up an impressive 12.3% YOY. Heightened big-box leasing activity pushed the average deal size up 12.3% YOY to 66,537 square feet (sf). 

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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

Q4 2019 U.S. Office MarketBeat Snapshot
MarketBeat • Office

Office Reports

Remarkably stable vacancy rate reflects solid demand in the fourth quarter of 2019.
Revathi Greenwood • 1/16/2020
Q4 2019 U.S. Industrial MarketBeat Snapshot
MarketBeat • Industrial

Industrial Reports

After a slow start to the year, the industrial market finishes the decade strong.
Carolyn Salzer • 1/16/2020
Q4 2019 U.S. Retail MarketBeat Snapshot
MarketBeat • Retail

Shopping Center Reports

2019 ended on a positive note with consumer spending rising at a healthy pace and retail sales up.
Garrick Brown • 1/17/2020

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