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2021 Q1 Chicago Suburban Office Report

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Signs of Life in the Suburbs

The first quarter of 2021 continued to see an increase in the number of companies in the market for office space. An increase is expected to continue through the 2nd quarter, with visible improvement to signed leases and absorption expected. The inner ring of the market, including Near North, O’Hare and Oak Brook are seeing the majority of activity.

 

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2021 Q1 Chicago Suburban Office Report

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Ronna Larsen

Director of Research

Chicago - Rosemont

Working alongside the office tenant and landlord representation brokers of Colliers International | Chicago’s Suburban Office Advisory Group, I provide our clients with customized reporting and analysis. As the research manager for the Suburban Office Advisory Group, I specialize in the collection and analysis of market and economic related statistics and prepare quarterly market reports for the overall suburban office market and individual submarkets.

I provide detailed market knowledge through the collection, organization and distribution of primary data including lease comparables, tracking tenants in the market, large-block availabilities as well as creating drive-time and demographic analysis and competitive building skyline reports. My more than 20 years of real estate experience have made me an integral asset to the team.

Prior to joining Colliers, I spent 10 years with CoStar managing the Chicago tenant division. During my tenure, I was responsible for the overall comprehensiveness and quality of a database of 50,000 tenants.

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