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Chicago Suburban Office Market Report 1Q'12 |
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Suburban Chicago office market takes a breather during first quarter 2012
The suburban Chicago office market ended 2011 on a high note, perhaps compensating for several years of pent up demand. As we previously reported, the overall tone of the market was much healthier despite a lingering supply and demand imbalance. Corporate tenants showed decidedly more confidence in making real estate commitments, and that was reflected in the more robust 2011 transaction activity.
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Chicago Downtown Office Market Report 4Q’11 |
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2011 finishes on a positive note as the Downtown Chicago office market extends gains
Without question, 2011 was a year of improvement for the downtown Chicago office market. Certainly challenges remain, but the overall tone has improved with the re-emergence of stronger demand. In fact, the improvement appears to have accelerated during the fourth quarter as several key metrics posted strong gains.
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