Second Quarter 2016 Chicago Downtown Office Market Report
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Checkout Bradford Allen’s latest Chicago Downtown Office Market Report
Jose Acosta
Bradford Allen Represents BCL Meridian Parkway, LLC in Office Sale
CHICAGO –Bradford Allen Realty Services is pleased to announce that Dan O’Neill and Ryan Moen of the Oak Brook office have completed the sale of a 45,869 square foot office complex at 4222 Meridian Parkway in Aurora, Illinois. The sale was valued at $5,350,000.00. O’Neill and Moen represented the seller, BCL Meridian Parkway, LLC in … Read more
First Quarter 2016 Chicago Downtown Office Market Report
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Checkout Bradford Allen’s latest Chicago Downtown Office Market Report
Fourth Quarter 2015 Chicago Downtown Office Market Report
Downtown Market Vacancy Continues to Decrease, Asking Rates Increase and Investment Sales Surge Chicago’s downtown office market is continuing to tighten, for the moment. The overall vacancy rate has decreased from 13.1% to 12.8% from year-end 2014 to year-end 2015. This is the lowest it has been since 2Q 2009. As expected, Chicago’s unemployment rate continued … Read more
Year-End 2015 Chicago Suburban Office Market Report
Suburban Markets Prove Resilient, Availability and Vacancy Rates Drop The Suburban office market maintained the positive momentum it saw in 2014 through the end of 2015 despite the continued migration of large tenants to the CBD. 2015 saw 951,311 sf of positive net absorption which surpassed the 704,910 sf of positive net absorption in 2014. … Read more
Chicago Commercial Real Estate – In the News
Jill’s Top 5 Articles From This Week Bradford Allen Realty Services has arranged a 7,700-square-foot lease renewal in Northbrook, approximately 25 miles northwest of Chicago. Lubin-Bergman Organization Inc. will continue occupying its headquarters in a building located at 5 Revere Drive. – REBusiness What trends in architecture and design for commercial real estate will we see in 2016? … Read more
Chicago Commercial Real Estate – In the News
Jill’s Top 5 Articles From This Week The beginning of a tightening cycle is a positive sign for the way experts view the economy, Auction.com‘s chief economist Peter Muoio tells GlobeSt.com. The firm recently released its latest Commercial Real Estate Nowcast, which revealed that commercial valuations in November increased 46 basis points from October. – Globe … Read more
Chicago Commercial Real Estate – In the News
Jill’s Top 5 Articles From This Week Experts say it’s time to move in these design directions to keep workers engaged and get the most out of your office space. You might think that the reams of analysis done on office space would have by now turned every workplace into a humming hive of engagement and … Read more
Chicago Commercial Real Estate – In the News
Jill’s Top 5 Articles From This Week This week in real estate numbers – Bisnow More foreign money than ever has poured into Chicago-area real estate in 2015, and the year isn’t over yet. International investors paid $3.27 billion for properties here through last week, already well above the full-year record of $2.18 billion set in 2013, … Read more
Chicago Commercial Real Estate – In the News
Jill’s Top 5 Articles From This Week The Missner Group will be starting the new year off with a big change. The firm has relocated its Skokie, Illinois-based headquarter offices to accommodate its recent growth. – REJournals This morning, the U.S. Bureau of Labor Statistics (BLS) released preliminary October 2015 unemployment rates for all Metropolitan Statistical Areas (MSAs). … Read more
