Bradford Allen is pleased to share with you our latest office market report. This quarter in the downtown office market: Absorption levels turned positive for the first time this year at 221,780 s.f. for Q3 Direct vacancy remained relatively unchanged at 18.3% The gross asking rate for the market is $43.94 p.s.f. Sublet availability remained … Read more
Lindsay, Pickett & Postel, LLC (LPP) was occupying two separate offices in the same building and wanted to consolidate to a single, high-class, high-rise space with east-facing views and abundant natural light. Bradford Allen identified suitable options, negotiated hard for client-friendly terms, and provided a solution for the client to sublease its existing spaces. Watch … Read more
Is the United States economy in a recession? What do the macroeconomic and industrial real estate market trends signal to us about evolving business conditions? To understand the current state of the business cycle and the implications for industrial real estate, Bradford Allen’s Ronan Remandabran, Executive Managing Director and Industrial Market Leader, sat down with … Read more
On Ten With Ben, we regularly speak with experts in their respective fields, but rarely has a guest come with such an immense amount of market knowledge. Ross Ford is a fourth-generation commercial real estate professional. And with nearly a quarter-century at the helm of TCN Worldwide, a consortium of independent commercial real estate firms, … Read more
In Chicago’s CBD, new office construction has come to a screeching halt, only a couple years after hitting record highs. And even as the effects of the pandemic dissipate, new development continues slowing. What’s behind this deceleration in supply growth? We identify four primary factors weighing on the office construction market and discuss long-run implications for … Read more
Bradford Allen is pleased to share with you our latest office market report. This half in the suburban office market: Absorption levels improved but remained negative at -350,000 s.f. for Q2 Direct vacancy increased to 28.6% The gross asking rate for the market is $25.42 p.s.f. Sublet availability remained steady at 4.3% View ReportDownload PDF
Bradford Allen is pleased to share with you our latest office market report. This quarter in the downtown office market: Absorption levels improved but remained negative at -300,000 s.f. for Q2 Direct vacancy increased to 18.4% The gross asking rate for the market is $42.87 p.s.f. Sublet availability slightly increased from 3.9% in Q1 to … Read more
Industrial real estate is a hot topic right now, but something people often overlook is the material handling systems to outfit their warehouse space. Over the last two years, supply and demand has effected most industries around us, and material handling systems are no exception. Matt Kapfhammer, Business Development Leader at Koppco Material Handling, is … Read more
Bradford Allen is pleased to share with you our latest office market reports.Chicago’s downtown office market remained dynamic amid distress in Q1/22 as the flight-to-quality trend continued. With a direct vacancy rate above 18%, rising sublet availability, high-profile properties in distress and ample new deliveries, tenants are finding enticing concessions. Digging beneath the headline statistics, … Read more
CHICAGO, IL — Jeffrey A. Bernstein and Laurence B. Elbaum are pleased to announce that Managing Director Jonathan Seeley successfully assisted American Blues Theater with the purchase of their new location at 5627 N. Lincoln Avenue after vacating their former home at 4809 N. Ravenswood Avenue. Previous ownership was represented in the transaction by Mark … Read more
Bradford Allen makes your business its priority. No matter whether that’s when purchasing, leasing, or sub-leasing, our agents are experts in negotiating for your benefit.
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Bradford Allen makes your business its priority. No matter whether that’s when purchasing, leasing, or sub-leasing, our agents are experts in negotiating for your benefit.
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