First Quarter 2025 Market Reports

WHITE CUBE LLC business partner NAI Hiffman released office and industrial market reports for the first quarter of 2025. The reports produced by the Hiffman Research team indicate that industrial markets continue to experience steady activity despite a slight slowdown over the past year. Companies continue to see the Chicago area as a vital component of their real estate strategies, and the overall market retains a healthy 5.7% vacancy rate. Meanwhile, both the suburban and downtown office markets in Chicago continue to face difficulties, however, both reported increased leasing activity in the first quarter of 2025.

The full market reports are available for download now using the links below.

NAI Hiffman 1Q 2025 Industrial Market Report

NAI Hiffman 1Q 2025 Office Market Report

Contact us for more detailed information, including submarket reports and an in-depth look at more trends and lease and sale activity.