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Chart of the week: October 11, 2016
Chicago CBD
Source: JLL Research, Chicago Cubs MLB, FanGraphs.com
Can the Chicago offi...
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Can the Chicago office vacancy predict a Cubs postseason appearance?

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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. 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 0.2 0.3 0.4 0.5 0.6 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.

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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