Did Chicago office vacancy predict a Cubs postseason appearance?

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With the World Series kicking off this evening, take a look at JLL Research’s side-by-side comparison of Chicago v. Cleveland in baseball and commercial real estate. The Cubs’ win percentage and Chicago’s five-year rent growth are telling the same “Fly the W” story.

world_series_cubs_jll

Still don’t believe us? JLL Research has also uncovered a direct correlation between the strength of the Downtown Chicago office leasing market and the performance of the Chicago Cubs.

When office vacancy rates are down, the Cubs win percentage goes up. With vacancy in the city at historic low levels (10.6 percent) as of the third quarter, this may be “the year” for the Northsiders.

Chicago Cubs and office vacancy correlation

With data on our side, we checked in with JLL-managed buildings around the city to see how they’re supporting our Cubbies during this history-making World Series run.

Aon Centeraon_center_cubs_jll_2

 

aon_center_cubs_jll

 

77 W. Wacker77_w_wacker_cubs_jll

 

71 S. Wacker71_s_wacker_cubs_jll

 

540 W. Madison540_w_madison_cubs_jll

 

125 S. Wacker125_s_wacker_cubs_jll

 

180 N. LaSalle180_n_lasalle_cubs_jll

 

111 S. Wacker111_s_wacker_cubs_jll

 

111_s_wacker_cubs_2_jll

 

231 S. LaSalle231_s_lasalle_cubs_jll

 

Civic Opera Buildingcivic_opera_building_cubs_jll

 

200 W. Adams200_w_adams_cubs_jll

 

111 W. Jackson111_w_jackson_cubs_jll

 

10 S. Riverside Plaza10_south_riverside_plaza_cubs_jll

 

10_s_riverside_cubs_jll

 

515 N. State515_n_state_cubs_jll

 

550 W. Adams550_w_adams_cubs_jll

 

224 S. Michigan224_s_michigan_cubs_jll

 

NBC Towernbc_tower_cubs_jll

 

Cornerstone at Canteracornerstone_cubs_jll

 

Old Chicago Post Office Developmentold_post_office_cubs_jll

 
Data sources: JLL Research, Chicago Cubs MLB, FanGraphs.com

 

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