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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: 3-Nov-2009		 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) $ 45.00 $ 60.00 $ 50.00 35.2% N/A
Class A (Prime) $ 30.00 $ 55.00 $ 42.00 16.1% N/A
Class B (Secondary) $ 21.00 $ 36.00 $ 28.00 17.0% N/A
 
Suburban Office
New Construction (AAA) $ 23.00 $ 30.00 $ 25.74 18.6% N/A
Class A (Prime) $ 22.00 $ 30.00 $ 23.15 23.4% N/A
Class B (Secondary) $ 17.50 $ 23.00 $ 19.08 23.5% N/A
 
Industrial
Bulk Warehouse $ 2.15 $ 6.00 $ 4.10 11.7% N/A
Manufacturing $ 3.00 $ 6.25 $ 4.40 11.7% N/A
High Tech / R&D $ 5.75 $ 10.00 $ 7.50 11.7% N/A
 
Retail
Downtown $ 22.00 $ 220.00 N/A 8.2% N/A
Neighborhood Service Centers $ 12.00 $ 26.00 N/A 9.6% N/A
Community Power Center $ 10.00 $ 14.00 N/A 9.8% N/A
Regional Malls $ 20.00 $ 80.00 N/A 7.8% N/A

Development Land Low () High ()
Office in CBD $ 80 $ 500
Land in Office Parks $ 300,000 $ 700,000
Land in Industrial Parks $ 120,000 $ 435,000
Office/Industrial Land - Non-park $ 265,000 $ 575,000
Retail/Commercial Land $ 700,000 $ 1,300,000
Residential $ 50,000 $ 1,000,000

Footnote: Retail figures expressed as net, Residential development land rates do not include lakefront property
 

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