Sample Office Asset Advisor

The Chicago office market saw modest employment growth of 1.2% in Q2 2006, adding 44,600 jobs. While several sectors grew, manufacturing continued declining with a 1.7% drop. The local economy benefits from a $15 billion expansion at O'Hare Airport expected to generate 90,000 to 195,000 jobs. Population growth of 0.6% annually brings modest demand. Office fundamentals are stable with slow rent growth and falling vacancy as absorption exceeds construction.