Overview

More for lessors: Improving economic conditions foster slow, steady growth in Illinois

IBISWorld’s Commercial Leasing in Illinois Industry Research Report offers insight into the market at the national level. Our analysis highlights macro trends in the overall sector and the micro trends faced by companies that do business in the Commercial Leasing in Illinois industry. Our five-year outlook forecasts explain how the market is set to change and the product segments that will drive growth.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • Leasing has been on the rise in large part due to an improving job market in the city
  • The industrial segment has lagged the growth of the retail and office segments
  • The need for commercial space aligns with business development and corporate expansion

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    Industry Analysis & Industry Trends

    The Commercial Leasing industry in Illinois has grown over the past five years as economic conditions have continued to improve post-subprime mortgage crisis, and is expected to continue its slow yet steady growth over the next five years as well. Over the past five years, office construction and leasing have been on the rise, in large part due to Chicago's improving job market, as well as its more affordable price tag compared to other major cities. A similar trend was observed in the industrial and retail markets over the five-year period, albeit with some differences in volatility. Over the next five years, the continued economic recovery will drive industry growth, as the need for commercial space aligns with business development and corporate expansion...

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    Industry Report - Industry Analysis Chapter

    According to IBISWorld estimates, more than 90.0% of industry revenue comes from rental income, with the remaining portion accounted for by property sales, property management services or other non-rental services. Thus, revenue typically moves in line with rental rates and occupancy levels. Rental rates are traditionally based on the value of the underlying property, which is often affected by economic cycles and interest rate fluctuations. Additionally, the elasticity of supply and property types determines real estate prices. In metropolitan areas, where land is scarce, rental rates tend to be higher because of limited capacity to meet demand. Furthermore, premium properties generally command higher incomes than lower-class commercial spaces. Ove..

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    Additional Insights for the Commercial Leasing in Illinois Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Commercial Leasing in Illinois Industry are

  • Financial structure of the company
  • Good project management skills
  • Management of a high quality assets portfolio
  • IBISWorld analysts also discuss how external factors such as Value of private nonresidential construction in Illinois and Manufacturing GDP for Illinois in the Commercial Leasing in Illinois industry impact industry performance..

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    Industry Products

    What is the Commercial Leasing in Illinois Industry?

    Operators in this industry serve as lessors of buildings that are not used as residences or dwellings. Industry participants include: owner-lessors of nonresidential buildings; establishments that rent real estate and then act as lessors in subleasing it to others; and establishments that provide full-service office space. This industry excludes general warehousing and storage companies, such as self-storage businesses.

    Industry Products
    Renting retail buildings
    Renting office buildings
    Renting industrial buildings
    Renting other nonresidential buildings
    Property sales
    Property management
    Industry Activities
    Renting or leasing office property
    Renting or leasing property
    Renting or leasing industrial property
    Renting or leasing arena, convention or stadium property

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Value of private nonresidential construction in Illinois
  • Manufacturing GDP for Illinois
  • Number of Businesses in Illinois
  • Yield on 10-year Treasury note
  • Office rental vacancy

  • Current Performance
  • Vacancy recovery
  • Industry landscape
  • Chart: Revenue Growth

  • Industry Outlook
  • Industry trends
  • Future strategies
  • Table: Commercial Leasing in Illinois Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Commercial Leasing in Illinois Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Manufacturing
  • Wholesale Trade
  • Retail Trade
  • Finance and Insurance
  • Retirement & Pension Plans
  • Accommodation and Food Services
  • Public Administration

  • Key Selling Industries
  • Construction
  • Finance and Insurance
  • Property Management
  • Real Estate Sales & Brokerage
  • Utilities

  • Products & Services
  • Renting office buildings
  • Renting retail buildings
  • Renting industrial buildings
  • Renting other nonresidential buildings
  • Other
  • Property sales
  • Property management
  • Chart: Commercial Leasing in Illinois Industry Products and Services Segmentation

  • Major Markets
  • Office and professional buildings
  • Shopping centers, retail shops and flea market spaces
  • Industrial buildings
  • Other non-residential properties
  • Chart: Major Market Segmentation for the Commercial Leasing in Illinois Industry

  • Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesDepreciationRent and purchasesOther
  • Chart: Cost Structure Benchmarking – Sector vs Commercial Leasing in Illinois

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Commercial Leasing in Illinois Industry

  • Major Companies
    First Industrial Realty Trust Inc.GGP Inc.Simon Property Group Inc.Vornado Realty Trust
  • Table: First Industrial Realty Trust Inc. - financial performance
  • Table: GGP Inc. - financial performance
  • Table: Simon Property Group Inc. - financial performance
  • Table: Vornado Realty Trust - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Commercial Leasing in Illinois Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Commercial Leasing in Illinois Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Number of businesses in Illinois (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Class A Building
  • A commercial office building that commands the highest rent due to the attractiveness and prestige associated with its location, tenancy and amenities.
  • Funds From Operations (Ffo)
  • A measurement used to define cash flow from operations for REITs and calculated by adding depreciation and amortization expenses to earnings.
  • Leadership In Energy And Environment Design (Leed)
  • An environmental building certificate program established under the US Green Building Council that certifies buildings meet energy-efficiency and green requirements.
  • Leverage
  • The amount of debt used to finance a firm's assets. A firm that has a higher level of debt than equity is considered to be highly leveraged.
  • Occupancy Rate
  • The rate of available spots at a center or a building that are filled. A rate of at least 70.0% is necessary for a center to be profitable.
  • Real Estate Investment Trust (Reit)
  • A legal entity that uses pooled investor capital to purchase and manage income property or mortgage loans. To qualify as a REIT, the entity must distribute at least 90.0% of taxable income.
  • Vacancy Rate
  • The amount of real estate space unoccupied as a percentage of total available space.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Commercial Leasing in Illinois:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Commercial Leasing in Illinois market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Commercial Leasing in Illinois, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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