Chicago, IL Market Trends

Looking for more information on sold properties? Get the critical details you need on recent commercial property transactions days after the close of sale.

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Multifamily Property Asking Price Index - Sale Trends

  Jun 16 vs. 3 mo. prior Y-O-Y
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State
$68,207.25 +5.4% +9.9%
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Metro
$79,337.66 +6.7% +17.6%
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County
$92,214.24 +9.5% +26.4%
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City
$113,780.65 +11.7% +36.2%

Current Chicago market trends data indicates an increase of +11.7% in the median asking price per unit for Multifamily properties compared to the prior 3 months, with an increase of +36.2% compared to last year's prices. County-wide, asking prices for Multifamily properties are 9.5% higher at $92,214 per unit compared to the current median price of $113,781 per unit for Multifamily properties in Chicago, IL.

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Office Property Asking Price Index - Sale Trends

  Jun 16 vs. 3 mo. prior Y-O-Y
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State
$95.27 +1.4% +0.3%
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Metro
$108.54 +1.6% +2.2%
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County
$108.26 +0.9% +5.9%
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City
$140.01 +1.1% +7.2%

Current Chicago market trends data indicates an increase of +1.1% in the median asking price per sq ft for Office properties compared to the prior 3 months, with an increase of +7.2% compared to last year's prices. County-wide, asking prices for Office properties are 0.9% higher at $108 per sq ft compared to the current median price of $140 per sq ft for Office properties in Chicago, IL.

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Industrial Property Asking Price Index - Sale Trends

  Jun 16 vs. 3 mo. prior Y-O-Y
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State
$53.81 +1.2% +2.2%
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Metro
$58.13 +1.4% +3.2%
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County
$55.92 +2.2% +3.0%
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City
$61.49 +2.7% +6.9%

Current Chicago market trends data indicates an increase of +2.7% in the median asking price per sq ft for Industrial properties compared to the prior 3 months, with an increase of +6.9% compared to last year's prices. County-wide, asking prices for Industrial properties are 2.2% higher at $56 per sq ft compared to the current median price of $61 per sq ft for Industrial properties in Chicago, IL.

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Retail Property Asking Price Index - Sale Trends

  Jun 16 vs. 3 mo. prior Y-O-Y
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State
$111.90 +0.7% +3.5%
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Metro
$125.78 +1.6% +6.1%
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County
$133.23 +1.1% +7.2%
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City
$142.51 +1.8% +12.1%

Current Chicago market trends data indicates an increase of +1.8% in the median asking price per sq ft for Retail Commercial properties compared to the prior 3 months, with an increase of +12.1% compared to last year's prices. County-wide, asking prices for Retail Commercial properties are 1.1% higher at $133 per sq ft compared to the current median price of $143 per sq ft for Retail Commercial properties in Chicago, IL.

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Multifamily Property Total $ Available For Sale - Sale Trends

  Jun 16 vs. 3 mo. prior Y-O-Y
-
Metro
27 +2.3% +5.7%

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Office Property Total $ Available For Sale - Sale Trends

  Jun 16 vs. 3 mo. prior Y-O-Y
-
Metro
26 +2.2% -7.9%

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Industrial Property Total $ Available For Sale - Sale Trends

  Jun 16 vs. 3 mo. prior Y-O-Y
-
Metro
36 -3.2% -11.6%

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Retail Property Total $ Available For Sale - Sale Trends

  Jun 16 vs. 3 mo. prior Y-O-Y
-
Metro
42 +2.3% +7.6%

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Multifamily Property No. of Listings - Sale Trends

  Jun 16 vs. 3 mo. prior Y-O-Y
-
Metro
30 +0.1% -7.4%

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Office Property No. of Listings - Sale Trends

  Jun 16 vs. 3 mo. prior Y-O-Y
-
Metro
48 +0.7% +3.7%

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Industrial Property No. of Listings - Sale Trends

  Jun 16 vs. 3 mo. prior Y-O-Y
-
Metro
48 -4.3% -13.0%

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Retail Property No. of Listings - Sale Trends

  Jun 16 vs. 3 mo. prior Y-O-Y
-
Metro
51 +2.2% -0.9%

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Multifamily Property Profile Views (Demand) - Sale Trends

  Jun 16 vs. 3 mo. prior Y-O-Y
-
Metro
141 +8.7% +13.5%

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Office Property Profile Views (Demand) - Sale Trends

  Jun 16 vs. 3 mo. prior Y-O-Y
-
Metro
132 +4.1% +30.2%

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Industrial Property Profile Views (Demand) - Sale Trends

  Jun 16 vs. 3 mo. prior Y-O-Y
-
Metro
185 +9.9% +24.6%

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Retail Property Profile Views (Demand) - Sale Trends

  Jun 16 vs. 3 mo. prior Y-O-Y
-
Metro
132 +9.4% +15.2%

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Office Property Total SF Available - Sale Trends

  Jun 16 vs. 3 mo. prior Y-O-Y
-
Metro
45 -0.4% -5.4%

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Industrial Property Total SF Available - Sale Trends

  Jun 16 vs. 3 mo. prior Y-O-Y
-
Metro
51 -5.9% -14.1%

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Retail Property Total SF Available - Sale Trends

  Jun 16 vs. 3 mo. prior Y-O-Y
-
Metro
53 +1.8% +0.4%

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Multifamily Property No. of Units For Sale - Sale Trends

  Jun 16 vs. 3 mo. prior Y-O-Y
-
Metro
19 -12.9% -22.7%

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Office Property Asking Rent - Lease Trends

  Jun 16 vs. 3 mo. prior Y-O-Y
-
State
$16.32 +0.3% +2.3%
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Metro
$16.86 +0.3% +2.1%
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County
$18.89 +0.5% +3.3%
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City
$23.24 +2.1% +3.7%

The average asking rental rate per sq ft/year for Office properties in Chicago, IL as of Jun 16 was $23.24. This represents an increase of 2.1% compared to the prior 3 months, with an increase of +3.7% year-over-year. County-wide, average rental rates in Chicago are +0.5% higher at $18.89 per sq ft/year for Office properties currently for lease.

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Industrial Property Asking Rent - Lease Trends

  Jun 16 vs. 3 mo. prior Y-O-Y
-
State
$7.07 +1.0% +2.0%
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Metro
$7.38 +1.0% +3.0%
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County
$7.88 +1.0% +3.3%
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City
$7.33 -0.7% +6.5%

The average asking rental rate per sq ft/year for Industrial properties in Chicago, IL as of Jun 16 was $7.33. This represents a decrease of -0.7% compared to the prior 3 months, with an increase of +6.5% year-over-year. County-wide, average rental rates in Chicago are +1.0% higher at $7.88 per sq ft/year for Industrial properties currently for lease.

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Retail Property Asking Rent - Lease Trends

  Jun 16 vs. 3 mo. prior Y-O-Y
-
State
$15.40 +0.5% +1.0%
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Metro
$16.58 +0.6% +2.5%
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County
$19.02 +0.2% +3.2%
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City
$22.76 -0.2% +4.0%

The average asking rental rate per sq ft/year for Retail Commercial properties in Chicago, IL as of Jun 16 was $22.76. This represents a decrease of -0.2% compared to the prior 3 months, with an increase of +4.0% year-over-year. County-wide, average rental rates in Chicago are +0.2% higher at $19.02 per sq ft/year for Retail Commercial properties currently for lease.

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Office Property No. of Spaces - Lease Trends

  Jun 16 vs. 3 mo. prior Y-O-Y
-
Metro
64 +2.8% +3.6%

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Industrial Property No. of Spaces - Lease Trends

  Jun 16 vs. 3 mo. prior Y-O-Y
-
Metro
47 +1.9% -2.6%

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Retail Property No. of Spaces - Lease Trends

  Jun 16 vs. 3 mo. prior Y-O-Y
-
Metro
59 +4.9% +6.1%

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Office Property Profile Views (Demand) - Lease Trends

  Jun 16 vs. 3 mo. prior Y-O-Y
-
Metro
133 -50.6% -47.9%

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Industrial Property Profile Views (Demand) - Lease Trends

  Jun 16 vs. 3 mo. prior Y-O-Y
-
Metro
111 -56.0% -49.5%

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Retail Property Profile Views (Demand) - Lease Trends

  Jun 16 vs. 3 mo. prior Y-O-Y
-
Metro
86 -53.5% -44.5%

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Office Property Total SF Available - Lease Trends

  Jun 16 vs. 3 mo. prior Y-O-Y
-
Metro
52 +1.5% +1.7%

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Industrial Property Total SF Available - Lease Trends

  Jun 16 vs. 3 mo. prior Y-O-Y
-
Metro
44 +4.1% +1.4%

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Retail Property Total SF Available - Lease Trends

  Jun 16 vs. 3 mo. prior Y-O-Y
-
Metro
51 +2.1% +2.0%