NAPERVILLE, IL-With tenants recently moving into buildingsfinished this year by Ryan Cos., officials from the local office ofthe firm said that the Chicago suburbs are likely done seeing newconstruction for a few years, except for very few build-to-suitprojects. Tenants Cisco Systems and Delta Dental are moving intotwo Chicagoland properties built by Ryan, both which were plannedbefore the major downturn in 2009.

Cisco Systems is moving into about 80,000 square feet in the new120,000-square-foot Rosemont Corporate Center in Rosemont, IL,where Ryan and the Harp Group own the office. Delta Dental ofIllinois contracted Ryan for a build-to-suit at 111 Shuman Blvd. inNaperville, where the insurer will occupy 65,000 square feet of the85,000-square-foot building. These buildings represent the firstnew construction in their respective markets in the past twoyears.

Tim Hennelly from Ryan tells GlobeSt.com that likely the onlynew development in the struggling Chicago suburban office marketwill be build-to-suit projects. “There won’t be any more of theRosemont center buildings, and there won’t be any speculativebuilding in the suburbs for at least five years, I think,” he says.The overall suburban Chicago office vacancy rate rose in the firstquarter to 24.8% according to a Grubb & Ellis report, withClass B property vacancy at almost 30%.