1.
Chicago – Suburban
Chart of the week: February 9, 2017
Source: JLL Research
Suburban absorption hovers near previous
peak
• Suburban absorption made a strong comeback with three consecutive years of positive net absorption
and is now hovering near the previous peak.
• While Class A absorption has always shown some volatility, three years of positive absorption are
starting to show in the market, as Class A availability tightens and vacancy drops.
• This trend will likely continue as companies occupy leases they inked in previous quarters, such as:
Paylocity and Vyaire.
-2,000,000
-1,500,000
-1,000,000
-500,000
0
500,000
1,000,000
1,500,000
2,000,000
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Absorption Recovery By Class
Class A Class B