CHICAGO—Many suburban office submarkets are plagued by extremelyhigh vacancy rates, and theoretically that should make it easy fortenants to find suitable spaces. But since many of those emptyoffices sit within obsolete buildings and campuses, a new wave ofoffice build-to-suits has begun flooding the suburbs.
“We happen to be running a bunch of suburban build-to-suitprojects that are in the ground right now or still in the planningstages,” Scott Ohlander, senior vice president ofJLL, tells GlobeSt.com. “Something is happeningout there. I've been doing this for 10 years and this is the mostbuild-to-suit activity I've seen.”
“The trend really started in 2009 with theCisco development at O'Hare,” Ohlander adds,referring to the Rosemont Corporate Center, a121,000-square-foot building located at 9501 Technology Blvd. thatCisco anchors. But the trend has become much more noticeable in thepast two years. JLL is now involved in suburban build-to-suitprojects, both planned and under construction, that total more than1.3-million-square-feet.
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
