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.
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 ...
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 availability.
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% higher than the U.S. ...
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 barely existed ...
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 specialized ...
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 early 2024, Chicago ...
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 growth, as supply, ...