Class A office properties within a mile of major shopping malls in suburban Chicago are generally outperforming other Class A properties, with the exception of the area around Woodfield Mall. Woodfield Mall is currently struggling due to Zurich vacating a large campus nearby. However, recent leasing activity for nearly half of the Schaumburg Towers suggests occupancy around Woodfield Mall will soon match the strength of other mall-adjacent areas.

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Snapshots
Close proximity to malls continues to benefit Class
A product
Source: JLL Research
• Class A properties within a mile of a major mall are outperforming their competition in three out of four of the
major suburban submarkets, with the exception of Woodfield Mall in the Northwest.
• The area around Woodfield Mall only appears to be struggling, as it continues to combat Zurich vacating their
former two tower campus (880,000 square feet) near the mall.
• Great activity and recent lease signings for nearly half of the Schaumburg Towers lead us to believe that the
occupancy around Woodfield Mall will soon mirror the strength of its peers.
May 8, 2017
Suburban Chicago
Direct Occupancy
Eastern East-West
84.8%
87.8%
92.4%
70.0%
75.0%
80.0%
85.0%
90.0%
95.0%
Total Class A Oakbrook
Center
83.8%
86.7%
89.7%
Total Class A Fashion
Outlets
O’Hare Northwest North (Cook Co.)
78.8%
85.1%
72.7%
Total Class A Woodfield
Mall
84.4%
80.3%
94.2%
Total Class A Old
Orchard