Adrian Brizuela is the Associate Director of Market Analytics at CoStar and Homes.com, where he delivers commercial and residential real estate insights across the Chicago metropolitan area. With more than eight years of experience in real estate con...
Adrian Brizuela is the Associate Director of Market Analytics at CoStar and Homes.com, where he delivers commercial and residential real estate insights across the Chicago metropolitan area. With more than eight years of experience in real estate consulting and analytics, Adrian brings deep expertise in market fundamentals, development feasibility, and regional dynamics. On the residential side, he provides insights into home prices, inventory levels, and rental conditions.
Prior to joining CoStar, Adrian worked at JLL Capital Markets, supporting research initiatives for multifamily investment sales and debt advisory teams. His earlier experience includes conducting market and feasibility studies for prospective housing developments and serving as an economic developer with the City of Chicago. Adrian holds a master’s degree in economic development from the University of Illinois at Chicago.
Demolitions now play a central role in Chicago’s effort to stabilize a struggling office market, particularly across the suburbs where large, outdated campuses have seen demand fall the most.
Chicago’s multifamily rents are growing faster than in most other big U.S. markets, and that’s largely because the metropolitan area hasn’t built many new apartments in recent years even while demand ...
Chicago developers are taking more chances on building warehouses without signed tenants than they were a couple of years ago, but they’re still proceeding cautiously.
As apartment vacancy rates remain elevated across much of the United States following a record wave of new construction, Chicago is emerging as a notable exception.
Industrial construction across the Chicago market has accelerated over the past year, though activity remains moderate relative to national benchmarks and highly concentrated within a limited number ...
Chicago’s office market continues to show incremental signs of stabilization, as both overall availability and the share of space offered via sublease trend lower. As of the latest reading, total ...
Medical office investment activity across the Chicago market rebounded sharply in 2025, with annual transaction volume nearly doubling from the prior year.
Retail property sales across the United States showed a noticeable shift toward large, centrally located markets in 2025. Chicago, Houston and Dallas-Fort Worth posted the highest totals of traded ...
Chicago’s industrial market continues to exhibit pronounced variation in availability across its submarkets, shaped by differences in transportation access, tenant mix and the depth of local ...
Retail availability across the Chicago metropolitan area continues to show a striking divide between the urban core and the suburbs, according to early 2026 data. Market-wide availability stands at ...
Chicago’s retail investment market demonstrated stability in 2025, with transaction volume reaching $3.2 billion, closely matching the $3.1 billion recorded in 2024. The consistency marks a notable ...
Chicago’s multifamily development pipeline is expected to slow significantly over the next three years. This follows a lengthy period of high activity, including strong construction totals between ...
Chicago’s industrial market continues to exhibit pronounced variation in availability across its submarkets, shaped by differences in transportation access, tenant mix and the depth of local ...
Chicago’s retail market continued to strengthen through the first quarter of 2026, with availability tightening across most major retail formats. Market-wide availability fell to 5.4% in 2026's first ...
Chicago’s commercial real estate market ended 2025 with slight growth in total investment volume, supported by a rebound in multifamily sales and steady activity in retail and industrial properties. ...
Chicago’s multifamily market is entering 2026 with exceptional strength, and downtown Chicago stands at the forefront, posting the highest annual rent growth of any submarket at 5.2%.
Chicago’s retail market has gotten much stronger over the past three years, with stores being leased faster than before. In 2022, it took about 12 months to find tenants for empty spaces, reflecting ...