MB Real Estate is releasing our 1st Quarter 2011 Chicago Market Overview, a quarterly report that tracks trends, analyzes data, and provides you with our forecast for the Chicago CBD and Suburban Markets.
Demand in the CBD was slightly negative but essentially flat during the quarter as several large transactions continue to support a market impacted by job losses. Suburban Chicago resumed its solid decline, lacking growth drivers. Although economic headlines are positive, Chicago’s office markets are still working through the recessionary job losses.
In addition to the Chicago Market Overview, reference our in-depth 1st Quarter 2011 Submarket Snapshots, which include highlights and analysis of each of the Chicago submarkets that MB Real Estate tracks.