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Suburban absorption hovers near previous peak

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Suburban absorption hovers near previous peak

  1. 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

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