Third Quarter 2011 Chicago Suburban Office Market Report
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Chicago Suburban Office Market Report 3Q’11
Jose Acosta
Second Quarter 2011 Chicago Downtown Office Market Report
Downtown Chicago office market continues to exhibit slow, steady improvement during the second quarter Reflecting a continued slow recovery in the broader economy, the downtown Chicago office market offered up some good news during the second quarter. The availability of direct and sublease space declined during the quarter, and a slight firming of demand helped … Read more
Second Quarter 2011 Chicago Suburban Office Market Report
Overall tone of suburban Chicago office market slowly improves, but market dynamics still favor tenants From the perspective of transaction activity and general interest in suburban Chicago office space, it is clear that the market has stabilized and improved since the depths of the financial crisis. However, the recovery continues to be slow and uneven. Overall … Read more
TCN Worldwide Recognized as one of the Top Commercial Real Estate Industry’s Top Brands
Chicago, IL — Bradford Allen/TCN Worldwide has announced that TCN Worldwide was named one of the most recognizable brands within commercial real estate by The Lipsey Company, a third party consulting firm specializing in the commercial real estate industry. Lipsey’s prestigious annual Top 25 Commercial Real Estate Brands Survey ranks companies and organizations across all … Read more
Bradford Allen Expands its Suburban Agency Services Team
CHICAGO – Jeffrey Bernstein and Laurence Elbaum, principals and co-founders of Bradford Allen are pleased to announce that Cody Sundberg and Rawly Lantz have joined the firm’s Downers Grove office as Managing Director and Director respectively. Sundberg and Lantz come to Bradford Allen from Cawley Chicago Commercial Realty and will focus on agency representation in … Read more
First Quarter 2011 Chicago Downtown Office Market Report
Bouncing along the bottom: Downtown office market remains stable as it grinds through sublease space The encouraging streak of recent quarters of positive net absorption did not continue during the first quarter, but we do not think this portends any real deterioration in the market. In fact, we continue to believe that the overall Chicago … Read more
First Quarter 2011 Chicago Suburban Office Market Report
Signs of slow improvement continue to emerge in suburban Chicago, particularly in Class A Space Although the Chicago suburban office market appears to have stabilized, there is no escaping that significant excess supply, both direct and sublease space, continues to overhang the market. The good news is that leasing activity, which re-emerged and accelerated last … Read more
Bradford Allen Secured as New Leasing Agent for 79 West Monroe
CHICAGO – Bradford Allen’s agency services group has been assigned as the listing agent for the former Bell Federal Savings & Loan building located at 79 W. Monroe in Chicago by the Farbman Group who purchased the building last week. Located at Monroe and Clark, the Farbman Group of Detroit purchased the 199,824 square foot … Read more
Fourth Quarter 2010 Chicago Downtown Office Market Report
Year-end conditions show mixed results, but signs are pointing to a slow recovery The commercial office market in Chicago’s central business district (CBD) appears to have bottomed out in 2010. The overall annual net absorption rate (the net change in occupied space) and increased sales activity seem to indicate a slowly reviving market. Annual net absorption … Read more
Fourth Quarter 2010 Chicago Suburban Office Market Report
Despite sluggish leasing market, market fundamentals show signs of stabilization The Chicago suburban office market appears to have reached its bottom in 2010. The overall annual net absorption (the net change in occupied space) and the year-to-date leasing activity seem to indicate that the market has begun to slowly recover. Annual net absorption was essentially flat … Read more
