Adrian Brizuela is the Associate Director of Market Analytics at CoStar and Homes.com, providing commercial and residential real estate market analysis for the Chicago metropolitan area. With more than eight years of experience in real estate consult...
Adrian Brizuela is the Associate Director of Market Analytics at CoStar and Homes.com, providing commercial and residential real estate market analysis for the Chicago metropolitan area. With more than eight years of experience in real estate consulting and analytics, Adrian specializes in housing market trends, commercial real estate fundamentals, development feasibility, and submarket‑level dynamics. His residential research focuses on home prices, inventory levels, rental market conditions, and supply‑demand performance across Chicago and its suburbs. Adrian has been quoted in Crain’s Chicago Business, and his analysis has been featured in Bloomberg, Fox News, MSN, and the Chicago Tribune.
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 new 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 in Chicago.
Roughly two-thirds of apartment units completed across the Chicago metropolitan area over the past year were in suburban communities, underscoring how developers are increasingly targeting the ...
Industrial rent growth in the Chicago market has moderated considerably from the elevated levels recorded during the pandemic-era logistics boom, though fundamentals remain stronger than national ...
Chicago’s retail market is tightening, but much of that improvement is coming from older, outdated properties being removed rather than a surge in new demand.
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central role in Chicago’s effort to stabilize a struggling office market, particularly across the suburbs where large, outdated campuses have seen demand fall the most.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 ...