Chicago’s suburban office market ends 2015 on a positive note with decreased vacancy and positive net absorption.
Attending this year’s Illinois Association of REALTORS® annual convention I attended the Commercial Panel on The Retail World from the Perspective of the Landlord. I recap this great panel discussion on the commercial real estate retail market from 4 very active professionals in the market – locally and nationally.
In the second quarter of 2014 the Chicago retail market is still experiencing a hit due to the closing of Dominick’s grocer in the market. Though consumer confidence remains strong and improving it is still taking time for the market to feel the full effects.
2013 ended statistically strong despite the fourth quarter being slower than the previous three quarters. Quarter four of 2013 found direct vacancy rise, lease rates rise and net absorption reduce.
Into the second month of 2014, time to reflect on how the year ended in the Chicago area retail market. The Fourth quarter 2013 recap of the retail leasing activity for the Suburban Chicago market.
Third quarter 2013 recap of the retail leasing activity for the Suburban Chicago market.