Chicago, Houston and Dallas-Fort Worth lead nation in retail inventory traded in 2025
Investors re-engage with major markets away from the coasts
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 ...
Chicago industrial availability reflects geographic and industry-driven divergence
Contrasting conditions emerge between established infill locations and large logistics hubs
Chicago’s industrial market continues to exhibit pronounced variation in availability across its submarkets, shaped by differences in transportation access, tenant mix and the dept...
Chicago retail availability remains high in the urban core
Hybrid work keeps downtown storefront vacancies elevated while outlying corridors show steadier demand
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 avail...
Chicago retail investment sales hold steady in 2025 as market finds its footing
Suburban submarkets lead activity as pricing holds firm
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 consistenc...
Where Chicago's next multifamily units will be built
Suburban dominance, reduced downtown construction define the 2026-to-2028 pipeline
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 constructio...
Chicago industrial availability reflects geographic and industry-driven divergence
Contrasting conditions emerge between established infill locations, large logistics hubs
Chicago’s industrial market continues to exhibit pronounced variation in availability across its submarkets, shaped by differences in transportation access, tenant mix and the dept...
Chicago retail tightens in early 2026
Market-wide availability drops to 5.4% as most retail formats continue steady year-over-year improvement.
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...
Chicago’s commercial property sales held steady in 2025
Total volume increased by a modest 3% as multifamily strength helps offset sector variability
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 indu...
Chicago multifamily rent growth outperforms the nation as downtown sets the pace
Undersupply, slowing deliveries, robust demand keep market's fundamentals well above national trends
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....
Leasing velocity accelerates across Chicago retail
Median lease-up periods fall below nine months
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 ...
Chicago’s retail market shows a split between small and large spaces
Availability trends reveal strong demand for compact formats and rising supply in big-box locations
Chicago’s retail market is revealing a clear divide between small and large store formats. Smaller spaces remain in short supply, while larger boxes are starting to see more availa...
Chicago apartment market finishes the year strong
Limited construction and steady demand keep rents climbing across city's neighborhoods and suburbs
Chicago’s rental market is finishing the year on a high note, beating national trends in almost every category. The average rent in the Chicago area is $1,877 per month, about 7% h...
Chicago office sector sees sharp divide as medical space outperforms
Vacancy gap between healthcare and traditional properties widens to record levels amid sluggish leasing and muted construction
Chicago’s office market is ending 2025 with one of its widest divides on record. Traditional office vacancy climbed to 16.9%, while medical office held steady at 10% — a gap that b...
Economics reshape Chicago’s industrial lease landscape
Logistics slows as tariffs weigh, while flex and specialized segments hold firm
Over the past year, economic uncertainty, especially around trade policies and tariffs, has reshaped rent growth across Chicago’s industrial market, impacting flex, logistics and s...
Premium assets lead the charge in Chicago multifamily rent growth
Constrained supply and amenity demand reshape the market
Chicago’s multifamily market has posted 3.3% annual asking rent growth over the past year, ranking second among the top 40 U.S. markets, behind only San Francisco at 5.4%. Since ea...
Economics reshape Chicago’s industrial lease landscape
Logistics slows as tariffs weigh, while flex and specialized segments hold firm
The Chicago industrial market in 2025 reflects a significant shift from the rapid expansion of prior years. Trends that signal a cooling cycle following a period of aggressive grow...
Chicago’s office market finds its footing as sublet space shrinks
Falling inventory marks shift toward market equilibrium
After years of uncertainty, Chicago’s office market is showing signs of stability. In the past 18 months, the amount of sublet space has steadily declined — falling to about 7.6 mi...
Midtier office buildings take the biggest hit in Chicago’s shifting market
As companies downsize and seek modern amenities, older three-star properties face rising vacancies and steepest rent declines.
Over the past year, Chicago’s office market has faced major shifts, and the biggest impact has been felt in midtier office buildings. The three-star segment saw the steepest rent d...
Chicago leads the nation in apartment rent growth amid tight supply
Limited new supply and rising demand are setting the pace in the Windy City
Chicago’s multifamily market is currently outpacing the nation in rent growth, with year-over-year asking rents rising by 3.7% at the end of the third quarter. This marks a notable...
Convenience and variety drive retail success in Chicago
Retail centers that provide essential services sporting tighter vacancies
Since the first quarter of 2021, Chicago’s retail landscape has seen notable shifts in vacancy rates across different property types, with strip centers, neighborhood centers and p...