Check out JLL Chicago's Snapshot on the Suburban Chicago Markets.

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Snapshots
Class A rents continue upward trajectory, even
amidst slight vacancy increase
Source: JLL Research
• Over the last five years, Class A rents have steadily risen over a dollar from their 2012 low point of $25.35.
Vacancy rates, on the other hand, reacted to several large move-outs such as Zurich occupying their slightly
smaller new North American headquarter last year, while Walgreens and Grainger shed space last quarter.
• With the recent trend of growing tenant footprints, landlords remain focused on the tightening Class A market,
outside of a few large campus vacancies.
• Malls and other amenity rich areas draw the strongest tenant activity, a movement we expect to grow in
popularity over the coming decade with the rise of suburban TOD and mixed-use developments.
May 1, 2017
Suburban Chicago
Suburban Class A Statistics
$26.86
17.4%
10.0%
12.0%
14.0%
16.0%
18.0%
20.0%
22.0%
24.0%
$24.50
$25.00
$25.50
$26.00
$26.50
$27.00
2012 2013 2014 2015 2016 1Q17
Average Direct Asking Rate ($/s.f.) Direct Vacancy Rate