The delinquency rate on Chicago-area CMBS loans fell to 6.43 percent in November, its lowest level in more than three years.
Sales of Chicago-area apartments have totaled $1.48 billion this year, down about 12 percent from all of 2012, according to Appraisal Research Counselors.
The delinquency rate for bank loans secured by income-producing real estate in the Chicago area to 4.5 percent in the quarter, down a peak of 7.7 percent in early 2011, according to Trepp LLC.
The median suburban net rent rose 4. 3 percent in the third quarter to a record, while the occupancy rate was 95. 2 percent, up from 95. 1 percent in third-quarter 2012, according to Appraisal Research…
The city again ranked 12th among 15 big markets for real estate investment, the second year in a row Chicago's been toward the end of list.
Occupancy rose to 75.5 percent during the first nine months of 2013, and the development boom isn't expected to outpace demand.
Big changes are expected at law offices, according to a survey by real estate brokerage Cushman & Wakefield Inc.
The local vacancy rate fell to 8.8 percent in the third quarter, down from 10 percent a year earlier, with much of the improvement coming from smaller leases.
The vacancy rate rose to 8.9 percent in the third quarter, up from 8.8 percent in the second quarter and 8.7 percent a year earlier, according to CBRE Inc.
Overall vacancy fell to 24.2 percent in the third quarter, still high but the lowest since the first quarter four years ago.
The decrease comes after a long period of a flat rate, as law firms and other professional services firms have cut space while tenants such as tech firms grow.
An index of nine local REITs has lost 2.05 percent so far in the third quarter, reducing overall 2013 returns to 4.8 percent, including dividends, according to SNL Financial L.C.
Since 2009, the number of gourmet grocery stores in Chicago and its close-in suburbs doubled, while the number of discount supermarkets jumped 19 percent, a report shows.
The value of local construction projects fell 3. 8 percent in the first seven months of the year from the same period in 2013, as a boom in residential construction was not enough to offset a drop in…
Property taxes rose in 2012 at nine out the 10 commercial properties in Cook County with the highest bills, according to the Cook County Treasurer's Office.
The occupancy rate hit 95.6 percent, its highest level since third-quarter 2007, while median net rents climbed to a record $1.22 a square foot, according to a report.
The delinquency rate for income-producing properties here fell to 4.9 percent in the second quarter, down from 5.9 percent in the first quarter and 6.2 percent a year earlier.
While the local vacancy rate was near a five-year low in the second quarter, vacancies have risen in six out of the 12 Chicago-area retail trade areas tracked by CBRE Inc.
In the first half of the year, the most important measure of hotel performance eclipsed the previous high in the same period in 2008, according to Smith Travel Research.
Slightly more than 270,000 people worked in commercial real estate here in the second quarter, down 0.9 percent from a year ago, as construction hiring remained weak.