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Suburban Absorption Signifies Safety in 2017 Forecast

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Suburban Absorption Signifies Safety in 2017 Forecast

  1. 1. Chicago – Suburban Chart of the week: December 12, 2016 Source: JLL Research Suburban Absorption Signifies Safety in 2017 Forecast • Year-to-date absorption has remained strong through the third quarter of 2016 with both Class A and B accounting for 472,412 square feet of positive net absorption. • This signifies the safety and security in the suburban Chicago markets, as the Chinese market, Brexit, and the U.S. Election have all contributed to widespread uncertainty throughout 2016. • The suburbs will continue to be a pillar of slow and steady growth providing a reassuring outlook for both investors and tenants as we head into 2017. -300000 -200000 -100000 0 100000 200000 300000 400000 Eastern E/W Western E/W North - Cook North - Lake O'Hare Northwest 2016 Class A 2016 Class B Class B YTD Net Absorption: 173,210 s.f. Class A YTD Net Absorption: 299,202 s.f.

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