CHICAGO, IL (May 10, 2010) – Dallas-based Trammell Crow Company has awarded Bradford Allen’s Medical Office Practice Group the leasing assignment for a trio of medical office buildings: Bolingbrook Medical Center located at 396 Remington Blvd. in Bolingbrook and 908 and 911 N. Elm Street in Hinsdale, IL. “These buildings are an outstanding addition to our … Read more
CHICAGO, IL (April 20, 2010) – The Chicago office of commercial real estate services firm Bradford Allen represented NAI Farbman, owners of 216 West Jackson Boulevard, in a 40,396-square-foot lease renewal and extension to the Jewish Federation of Metropolitan Chicago (JFMC). JFMC, one of the city’s most stable and dynamic non-profit organizations, occupies 23% of the … Read more
Has The Market Stabilized?Market indicators still lagging economic optimism Vacancy Continues to RiseThe overall vacancy rate in the Chicago Central Business District (CBD) rose to 16.0% for the first quarter of 2010, a 4.4 percentage point jump over the first quarter of 2009, and a 1.0 percentage point jump over the year-end 2009 rate of … Read more
Indicators Show Bottom Is NearCertain micro-markets begin to show turnaround Vacancy Continues to RiseOverall vacancy in the suburban market rose to 24.0% in the first quarter of 2010, a 2.6 percentage point increase compared to the same time in 2009 and a 0.3 percentage point rise since year-end 2009. The North Suburbs has been hit … Read more
CHICAGO, IL (December 17, 2009) – Jeffrey Bernstein, Principal and Co-President of Bradford Allen, announced the recent promotion of Joel M. Berger from director to managing director with the firm’s Office Brokerage Group in Chicago. “We are extremely proud of our dedicated professionals,” said Bernstein. “Joel has proven that even in a challenging market climate, … Read more
CBD Downturn: Have We Hit Bottom?Market turnaround expected to take place in 2011 New Construction Adds to Increase of Available SpaceOverall availability in the Chicago Central Business District (CBD) rose to 17.8% at year-end 2009, a 6.4 percentage point increase compared to the same time last year, marking the highest percentage available in four and … Read more
Market Downturn Creates Opportunities for TenantsSuburban market downturn likely to last through 2010 Year-End Vacancy Highest of DecadeOverall vacancy in the suburban market rose to 17.7% in the fourth quarter of 2009, a 1.9 percentage point increase compared to the same time in 2008. The Northwest Suburbs submarket was hit the hardest, measuring a 3.1 … Read more
CBD Downturn Slows Its PaceAs the market downturn decelerates, more tenants are entering the market early to examine their options. Are we approaching the bottom? Downturn continues – but is not acceleratingCBD rental rates moved lower and the trend points to a continuing drop through the year, but at a slower rate. The current average … Read more
A Slow Road to Recovery in the SuburbsWith available space at an all time record, office space bargains are everywhere. Vacancy is likely to rise slightly over the next few quarters during the recovery. Rental Rates Hold SteadyAsking rental rates in the suburban market have held nearly even with last quarters’ rates. The second quarter … Read more
CBD Downturn ContinuesChicago’s CBD office market downward trend picks up the pace and is unlikely to show signs of recovery before 2010. Rental Rates Moving LowerCBD rental rates moved lower and the trend points to a continuing drop through the second quarter. The current average gross asking rate, $29.59 per square foot, represents a 1.7% … 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.
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.
