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Without whale blocks suburban vacancy sinks - JLL Chicago

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Without whale blocks suburban vacancy sinks - JLL Chicago

  1. 1. Chicago – Suburban Chart of the week: October 26, 2016 Source: JLL Research Without whale* blocks suburban vacancy sinks • In the absence of 26 “whale” blocks, the overall suburban vacancy rate drops 6 percent. • As a result, small and midsized tenants face a much more landlord-friendly market due to the adjusted vacancy rate of 12.6 percent. • Removing nine “whale” buildings in North (Lake County) created the largest discrepancy of 8.9 percent between the current and adjusted vacancy. 16.8% 19.4% 16.7% 21.8% 16.9% 19.6% 14.4% 11.9% 9.4% 12.9% 14.8% 11.3% 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% Eastern E/W Western E/W North-Cook North-Lake O'Hare Northwest Current Vacancy Adjusted Vacancy Suburban Overall Vacancy Adjusted Overall Vacancy *100,000 s.f. full building vacancies 18.6% 12.6%

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