data bites

Chicago’s industrial construction pendulum swings with speculative development on the rise https://www.avisonyoung.us/w/friendly-journal-URL Over the past year, the proportion of Chicago’s...

Chicago’s industrial big-box leasing remains red-hot amid tightening supply https://www.avisonyoung.us/w/friendly-journal-URL Big-box leasing activity remains robust with eight leases exceeding...

Still moving: Chicago’s office and transit activity https://www.avisonyoung.us/w/friendly-journal-URL Downtown Chicago continues to show improving utilization each October since the pandemic,...

Industrial workforce demand climbs in Chicago https://www.avisonyoung.us/w/friendly-journal-URL In Q3 2025, the Chicago MSA recorded 40,538 job postings across the three industrial space-using...

Manufacturing investment activity intensifies across Illinois Illinois sees $2.5B in industrial investments in 2025, led by Stellantis and AbbVie, boosted by new tax incentives and manufacturing...

Back to the office? Chicago’s in-office job growth shows encouraging signs. Chicago sees 13 months of comparative in-office job growth, with postings up 25% YoY - driven by professional services...

Heatwave of leasing activity in Chicago’s industrial sector H1 2025 industrial leasing hit 25.2 MSF, showcasing strong tenant demand and renewed confidence. A June surge included RJW Logistics' 1.1...

Demand disparity: Financial services drive tenant requirements in Chicago CBD with tech and consulting to follow Financial services firms lead Chicago CBD office demand with 2.2 million square...

Hiring hustle: Chicago’s Industrial sector shifts into high gear Chicago MSA industrial job postings surged 20% in Q1 2025, led by Wholesale Trade (+29%), Manufacturing (+19%), and Warehousing...

Windy city wired: Chicago’s data centers in bloom Chicago's booming data center market is fueled by AI, incentives and demand, with 5GW of planned capacity, including T5's 1.2GW Grayslake campus on...

Large Blocks, Fewer Options: Contiguous large-scale office space narrows despite near-record availability in Chicago CBD Despite near-record availability in Chicago CBD, large contiguous office...

Chicago industrial rent escalations shifting in favor of landlords Post-COVID, Chicago's industrial rent escalations have significantly increased, establishing higher rates as the new norm, while...

Shifting migrations: northwest movement of office tenants in the CBD Discover why CBD office relocations since 2024 favor riverfront properties near transit hubs. Highlights: Ogilvie, Union...

Chicago industrial vacancy impressively low compared to other cities https://www.avisonyoung.us/w/friendly-journal-URL Chicago has navigated the construction boom exceptionally well, maintaining a...

Chicago office sales catch momentum in 2025 Chicago CBD office sales hit highest quarterly volume since 2023. Driven by private investors, notable real estate sales at discounts hint at market...

Chicago industrial construction activity slowly accelerating Chicago industrial market: 9.3 msf new projects in 2024, 14 msf under development. I-80 Corridor leads with major build-to-suit...

From speculative to secured: the rise of build-to-suit projects in Chicago's industrial sector Chicago's industrial development pipeline has increased significantly with vacancy remaining low...

Top 20 industrial leases in Chicago over the past two years: Major players and prime locations Top 20 industrial leases signed in Chicago have added up over the past two years across submarkets...

Chilling Expansion: Chicago’s cold storage boom Development of cold storage buildings is surging in Chicago's Industrial market https://www.avisonyoung.us/w/friendly-journal-URL The development of...

Chicago industrial deliveries slow while vacancy remains stable Construction activity in the Chicago industrial sector has slowed as vacancy remain stable...

Chicago's O’Hare International Airport sees increase in cargo Chicago’s O’Hare international airport saw a significant change in international and domestic cargo as increased trade, growth of...

Chicago big box leasing activity continues to thrive Big box leasing activity has continued to be a driving force for the strong demand seen within the Chicago market...

Office buildings within Chicago’s CBD are recovering faster than Chicago’s suburban offices Chicago’s office building utilization during the month of June 2024 reveals that office visitation is...

Chicago industrial average price per sf holds strong despite slowing activity Despite a slowdown in overall investment activity within the Chicago industrial market, the average price per sf has...

Out-of-market visitors to Chicago’s landmarks are recovering at various rates compared to pre-pandemic levels Traffic upticks at Chicago landmarks, as tourist numbers near pre-pandemic levels...

Chicago’s industrial landscape is seeing a decrease in both average lease term and landlord incentives Tenant uncertainty leads to decrease in average lease term and landlord incentives as tenants...

Office properties near Chicago’s suburban transit stations have performed better over the course of the pandemic Vacancy rates remain lower in areas within three blocks of commuter hubs...

Venture capital investment remains active in Chicago The biotech and life-science sector has led the way in regards to Chicago-based companies securing venture funding...

Chicago’s industrial sector rebalancing workforce dynamics Though job postings in several of Chicago's industrial industries have declined between 2022 to 2023, postings in the wholesale sector...

Downtown Chicago traffic trends continue to grow from their pre-pandemic averages Overall traffic crossing Chicago's bridges is on the rise, totaling over 114 million impressions in Q4 2023....