That’s right, Chicago is on a building spree — and that should continue
Windy City construction pipeline is bursting with specialty projects. This news story is available exclusively to CoStar subscribers.
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What’s hot — and what’s not — about downtown Chicago’s office construction pipeline
Getting down to the market’s brass tacks of tenant demand. This news story is available exclusively to CoStar subscribers.
After years of manufacturing woes, Chicago's South Shore clusters make a comeback through distribution
South Chicago, South Suburban and Indiana submarket clusters reap rewards after 20 years of reinvention labors. This news story is available exclusively to CoStar subscribers.
First in pain, the Second City office market suffers the most blows to its CMBS mortgage pool
Loans in the Loop represent almost 70% of the market’s 90-plus-day delinquencies. Behind only New York, Chicago stands out with over $1.4 billion in this ranking, representing more than 23% of its overdue CMBS balance. This news story is available exclusively to CoStar subscribers.
Touring Chicago office tenants find discounts in the details, not in face asking rents
Of the five P’s in the marketing mix, ‘price’ and ‘painless’ renewals drive Chicago’s office leasing velocity. Read the article to glean more insights from local market players. This news story is available exclusively to CoStar subscribers.
News | Midwest's tight apartment supply pushes its annual rent growth well above the US average
Chicago’s historically tight vacancy and build rates should preserve its rent growth momentum into 2025. This news story is available exclusively to CoStar subscribers.
Downtown Chicago office market participants speak about what touring tenants really want
Of the five P's in the marketing mix, 'place' generally beats 'property'. This news story is available exclusively to CoStar subscribers.
All that glitters is not gold — Chicago’s best-performing downtown offices are not always the shiniest
More two-star properties post tight overall availability rates than any other quality segment. This news story is available exclusively to CoStar subscribers.
Adjusted for inflation, Chicago’s downtown office market asking rents are down
In real dollars, asking rents free fall by almost 20% over 17 consecutive quarters. This news story is available exclusively to CoStar subscribers.
Chicago’s newest retailers lean into keeping us entertained
Whether it’s through play, dining, exercising or taking a class, Second City residents are getting out of the house. After I sliced the data further, I discovered that digitally native brands are significantly expanding their Chicago retail presence. This news story is available exclusively to CoStar subscribers.
News | Windy City retail market's favorite box types may surprise you
Power centers nab 20% of recent leasing, behind only general retail, neighborhood centers. This news story is available exclusively to CoStar subscribers.
Chicago’s downtown and urban industrial market tenants seem to herd toward older properties
Unlike their suburban peers, these occupiers choose location over building amenities and specs. This news story is available exclusively to CoStar subscribers.
Troubled Loans Backing Market-Rate Apartments Tick Up Across US
CMBS Woes in Houston and New York Appear the Most Noteworthy. This news story is available exclusively to CoStar subscribers.
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Chicago Market Overview, BID Magazine (pages 4 through 9).
Download the free May/June 2024 BID Magazine to read writing samples about CRE trends on pages 4 through 9.
Data Center Deals Propel Chicago’s Future Flex Space Move-Ins
Data center developers purchase obsolete office properties at land value, repurposing the sites for new data center facilities. This news story is available exclusively to CoStar subscribers.
Step aside, Dallas. There is a new big bomber sheriff in town
Chicago is poised to take the number-one spot for construction of large-scale industrial sites over the next two years.
This news story is available exclusively to CoStar subscribers.
This news story is available exclusively to CoStar subscribers.
Chicago's O'Hare Industrial Spaces Remain Resilient Amid Low Leasing, Move-Outs
Preleasing, Few Supply Side Pressures Poised to Reduce Future Strains for Transmodal Hub. This news story is available exclusively to CoStar subscribers.
These 10 US Markets Posted the Smallest Declines in Multifamily Investment Activity Last Year
Year-Over-Year US Apartment Investment Fell 63%. This news story is available exclusively to CoStar subscribers.
Institutional-Minded Buyers Flock to Chicago’s Multifamily Market
Chicago's rent growth rate and the market's comparative lack of new competitive residential space under construction appear to be alluring to institutional investors. This news story is available exclusively to CoStar subscribers.
Livability Drives Rent Growth for Chicago's Student Housing Market
The investment play for Chicago’s student housing market, whether inside or outside a university, appears to be more about stable occupancy over annual rent growth. This news story is available exclusively to CoStar subscribers.
Here’s Where To Find the Nation’s Lowest Industrial Vacancy and Availability Rates
For the first time in over 20 years, Chicago’s industrial vacancy rate is below the national average for almost four consecutive quarters. Its collective availability rate is also below the national average for nearly three straight quarters.
