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Chicago, Illinois

Metropolitan Area Economic Overview
Calculations for all indices were provided by SRC, LLC

Market Research provided by NAI Hiffman
Last Updated: 1-Nov-2010		 Market Overview
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Market Research

* Click on each category for a detailed definition.
Low High Effective Avg. Vacancy Investment Yield
Downtown Office
New Construction (AAA) N/A N/A N/A N/A N/A
Class A (Prime) $ 30.00 $ 55.00 $ 42.00 18.2% N/A
Class B (Secondary) $ 21.00 $ 36.00 $ 28.00 16.7% N/A
 
Suburban Office
New Construction (AAA) $ 23.00 $ 30.00 $ 32.00 36.5% N/A
Class A (Prime) $ 22.00 $ 30.00 $ 23.15 24.8% N/A
Class B (Secondary) $ 17.50 $ 23.00 $ 19.08 24.3% N/A
 
Industrial
Bulk Warehouse $ 2.15 $ 6.00 $ 4.00 11.8% N/A
Manufacturing $ 3.00 $ 6.25 $ 4.30 11.8% N/A
High Tech / R&D $ 5.75 $ 10.00 $ 7.40 11.8% N/A
 
Retail
Downtown $ 22.00 $ 185.00 $ 8.80 N/A N/A
Neighborhood Service Centers $ 12.00 $ 26.00 $ 10.10 N/A N/A
Community Power Center $ 10.00 $ 14.00 $ 10.00 N/A N/A
Regional Malls $ 20.00 $ 80.00 $ 8.00 N/A N/A

Development Land Low () High ()
Office in CBD $ 450,000 $ 870,000
Land in Office Parks $ 275,000 $ 700,000
Land in Industrial Parks $ 120,000 $ 520,000
Office/Industrial Land - Non-park $ 250,000 $ 575,000
Retail/Commercial Land $ 400,000 $ 1,000,000
Residential $ 50,000 $ 1,000,000

 

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