Back in April, JLL found a direct correlation between the Downtown Chicago office market and the Chicago Cubs PCT. Looks like their analysis was correct, and the Cubs advance to the NLCS.
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Can the Chicago office vacancy predict a Cubs postseason appearance?
1. Chart of the week: October 11, 2016
Chicago CBD
Source: JLL Research, Chicago Cubs MLB, FanGraphs.com
Can the Chicago office vacancy predict a Cubs
postseason appearance?
• There appears to be a direct correlation between the strength of the Downtown Chicago office leasing
market and the performance of the Chicago Cubs.
• When office vacancy rates are down, the Cubs win percentage goes up. With vacancy in the city at
historic low levels (10.6%) as of the third quarter, this may be “the year” for the Northsiders.
4.0%
6.0%
8.0%
10.0%
12.0%
14.0%
16.0%
0
0.1
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0.5
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0.7
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 YTD
2016
4Q
2016
Cubs Win PCT Direct Vacancy Rate
The last time CBD vacancy was below 12.0%, the Cubs
clinched the National League Central title & appeared in
the postseason two years in a row.