After three years of steady growth, transaction volumes in the Chicagoland capital markets leveled off in 2016 due to uncertainty surrounding Chinese markets, Brexit, and the US election, causing experts to question if the economic cycle was ending. Forecasts for 2017 show more caution as the Federal Reserve raises interest rates and a new US administration takes office, coupling uncertainty with a changing monetary policy.

1. • After three years of sustained growth in transaction volume, Chicagoland capital markets experienced
their first signs of leveling off in 2016.
• Uncertainty surrounding the Chinese markets, Brexit, and the U.S. election led to restraint, with experts
wondering if the end of the current cycle is nearing.
• Forecasts for 2017 are showing renewed caution as the Fed’s interest rate hikes couple with the new
administration taking office this week.
Source: JLL Research
Chicagoland sales volume levels off
amongst uncertainty in 2016
Chicagoland
Chart of the week: January 20, 2017
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$391
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2012 2013 2014 2015 2016
CBD Suburban Combined Average Price ($p.s.f)
Chicagoland Transaction Volume
(in 000,000’s)