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...
Chicago’s tech workforce growth signals new real estate demand
Latest BLS data reflects recent announcements and investments across Chicagoland
Chicago’s information-sector employment is expanding far faster than the broader labor market, underscoring the city’s growing role in the technology economy and creating new oppor...
Vacancy for Chicago's high-end apartments hits 13-year-low
As developers pull back, dwindling supply of new apartments having a significant effect on vacancy for premium units
A dwindling construction pipeline is resulting in a tighter market among Chicago's premium apartments.