CHICAGO—Chicago's suburban office market has struggled eversince the start of the recession. While the CBD came roaring backto life, the suburbs have continued to see businesses pull upstakes and head for new offices downtown. Furthermore, theremaining tenants have continued to “right-size” their officespace, putting another drag on leasing activity.
However, beyond the empty, obsolete office campuses, severalareas of the suburbs are quite healthy. Many tenants remaincommitted to suburban locations, and that in turn has led investorsto buy up some properties in the region. Therefore, instead ofusing overall market data to evaluate the suburban market, or evenlooking at data from the submarket level, it's now more helpful toseparately analyze the portions of various submarkets. And theoutlook in some is quite hopeful.
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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.
