The Chicago suburbs saw steady activity on the sublease market during the first quarter of 2015.

1. Office employment update
Metro Chicago
Source: CoStar, Jones Lang LaSalle Research
* This figure includes the total number of vacant and non-vacant sublease spaces that
are currently available.
2.7MSquare feet of sublease space
on Suburban market
• Total suburban sublease space on the market remained steady in the first
quarter with equal amounts of space being placed on the market as was
removed.
• One of the largest new spaces in the first quarter was at 1333 Burr Ridge
Parkway. The McGraw Hills Companies, a major book publisher, placed
sublease space on the second and third floors. The space totals 45,000
square feet and includes furniture. The asking rate for the space is $13.50
gross. The space is available immediately and has term through July 2018.
• While not new to the sublease market, new to JLL’s sublease data this
quarter is 55,000 square feet at 2455 Corporate West Drive in Lisle. The
building is being leased by Guggenheim Funds and has been on the
market for two years.
• Sublease rents remained steady in the first quarter; Class A increased this
quarter to $18.21 per square foot while Class B remained the same at
approximately $15 per square foot.
Sublease by submarket
Chicago Suburban
According to a survey by the University of Michigan, consumer
confidence jumped in January to its highest level in a decade. In that
same month we also saw that average hourly wages rose $0.12 to
$24.75 for the sharpest increase since 2008, but are still below levels
sought by central banking experts. Still, these trends are coinciding as
the local employment market is accelerating towards full recovery.
Office-using sectors are taking a majority of those gains and where
historically, Professional & business services has driven most of that
growth, in recent months, sectors like information and government are
contributing to the gains made by office-using sectors. This is a
positive sign that as the employment market expands; it is continuing
to draw strength from a diverse set of industries.
Looking ahead, the resurgent job market and growing payrolls make it
more likely that the Federal Reserve will raise the short-term interest
rate in the coming months.
Sublease by square footage
Chicago Suburban
103Number of sublease listings on
Suburban market*
258KSquare feet of new Suburban
sublease space in Q1 2015
0.7%Percent change in sublease
space over previous quarter
Sublease analysis
Chicago Suburban February 2014
Building Square Footage Year Listed
1933 N Meacham Road 1,896 2015
1011 Warrenville Road 5,896 2015
333 E Butterfield Road 9,084 2014
1Q15 Select Additions
Building Square Footage Year Listed
1603 Orrington Avenue 3,000 2014
1751 W Diehl Road 3,759 2013
500 Lake Cook Road 10,874 2014
1Q15 Select Removals
Sublease analysis
Chicago Suburban | Q1 2015
51
27
12
9
1 - 10,000 SF 10 - 20,000 SF
20 - 50,000 SF 50,000+ SF
31
14
16
19
19
Eastern E/W Western E/W
O'Hare Northwest
North

2. © 2015 Jones Lang LaSalle IP, Inc. All rights reserved. All
information contained herein is from sources deemed reliable;
however, no representation or warranty is made to the accuracy
thereof.
JLL Americas Research • Chicago Suburban Sublease Analysis 2
Sublease activity
Chicago Suburban additions, removals, and transactions. (* ) Indicates a Jones Lang LaSalle listing or transaction.
8755 W Higgins Road | O’Hare | Addition*
O’Hare Plaza has a new sublease space available this quarter: MasterCard is closing its 9,622-square-foot office on the 3rd floor at the Class A office park. The term
runs through January of 2016.
1700 W Higgins Road | O’Hare | Addition*
Surgery Partners, a leading operator of surgical facilities, closed its O’Hare office this quarter. The new sublease space is 7,590 square feet at 1700 Higgins Centre.
The term runs through July 2017 and is located on the second floor.
75 Tri State International | North | Removal
At Tri State International CDW signed a lease for 209,000 square feet. The company will be taking all the 25 & 75 buildings. There was one sublease for 16,8332
square feet in 75 that is now off the market. The space had term through February of 2019, CDW won’t be moving in until December of 2015, after they remodel
both buildings.
1603 Orrington Avenue | North | Removal
With the term ending this quaretr, 6,187 square feet came off the market from the second floor of 1603 Orrington and was being marketed by Cushman &
Wakefield. The space had been on the market since October of 2013.
2 Mid America Plaza Ι Eastern E/W | Addition*
Health Directions, a consulting firm that improves strategic performances of hospitals and physicians practices, has recently been acquired. As a result, the
company placed 4,229 square feet of space on the tenth floor at Mid America Plaza on the sublease market. The term runs through November of 2017.
Monthly additions to the sublease market
Chicago Suburban
Sublease by term
Chicago Suburban
Robert Kramp
Senior Vice President – Americas
Midwest & Great Lakes Research Director
tel +1 312 228 2470
Robert.Kramp@am.jll.com
Amy Binstein
Research Analyst
tel +1 312 228 3739
Amy.Binstein@am.jll.com
200 East Randolph Street
Chicago, IL 60601
+1 312 782 5800
8755 West Higgins Road
Chicago, IL 60631
+1 773 304 4100
www.us.joneslanglasalle.com/chicago
Numberofsubleasespaces
SFinmillions
SF of sublease space on the market
Sublease listings from prior months
Sublease listings added to the market
13
38
28
13
7
2015
2016 thru 2017
2018 thru 2019
2020+
Negotiable
0.0
1.0
2.0
3.0
4.0
5.0
0
50
100
150
200
250
1Q10
3Q10
1Q11
3Q11
1Q12
3Q12
1Q13
3Q13
1Q14
3Q14
1Q15