Saturday, July 07, 2007

Chicago suburban office market

Nice overview in the Trib. about the strength of the suburban rental office market.

The suburban office market perked up a bit in the first half of 2007, but with a vacancy rate of 18.5 percent it still has a long way to go to return to past peaks, according to a report from Cushman & Wakefield of Illinois Inc...

While locations just north of Chicago such as Evanston and Skokie are gaining steam, some western suburbs, including Naperville, Lisle and Lombard, are slogging along, he said, citing Cushman's report of second-quarter market activity...

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