Market Continues to DeclineRental rates continue to drop, and vacancies are increasing at a faster rate. With no signs of recovery before 2010, landlords offer larger concessions. Rental Rates Are DroppingAsking rental rates in all suburban submarkets continue to drop as Landlord’s adjust to the new economic climate and compete against the growing flood of … Read more
CBD Downturn Has BegunChicago’s CBD office market shows clear indications of a downturn,which is likely to last through 2009. Rental Rates Are DroppingAfter two years of steady increase, CBD rental rates are dropping, and show signs of dropping further in 2009. While the current average asking rate, $30.11 gross per square foot, is nearly even … Read more
CHICAGO, IL (October 2, 2008) — Robbins Schwartz Nicholas Lifton & Taylor, a primary provider of legal services to educational institutions, colleges, municipalities and local governments in the Chicago area and throughout Illinois, has executed a lease for 18,638 square feet of office space at 55 West Monroe Street, in Chicago Illinois. The firm will … Read more
CBD Market will Decline through 2009While the Chicago’s CBD office market remains strong, activity has slowed, rates are dropping, and market is poised for a downturn Flattening Rental RatesThe current average asking rate, $30.13 gross cost per square foot, is slightly down from last quarter’s all-time high of $30.16, and ends 6 consecutive quarters of … Read more
SCHAUMBURG, IL (July 30, 2008) — CTCA has closed on the purchase of 500 E. Remington Boulevard, a 38,500-square-foot office building, adjacent to its current headquarters at 1336 Basswood. The property was purchased for $4,050,000 from AST Remington, LLC. AST Remington LLC was represented by Odie Fakhouri and Steve Fitzgerald of Bradford Allen, and CTCA was … Read more
Rents Hit Another Record HighLeasing activity was strong in the 2nd quarter, but a struggling economy,new construction and increasing sublease supply point to a downturn. Record Rental RatesThe current average asking rate, $30.15 PSF Gross, is another record high, and the 6th consecutive quarterly increase in rates. Rental rates will continue to rise over the … Read more
Market will Remain Tight Through 2008While tenants are slowing their leasing activity to see if better terms will be available later this year, vacancy remains low and rents continue to rise. In contrast to clear indications of recession in other parts of the country, the Chicago downtown offi ce market continues to look healthy. Leasing … Read more
ARLINGTON HEIGHTS, IL (February 11, 2008) — Iron Horse Partners, an owner/operator of Chicago-area office buildings, announced that a full building renovation is underway at 2355 South Arlington Heights Road, a 5-story, 50,702-square-foot steel and glass office building in Arlington Heights, Illinois. The project includes significant upgrades to both the exterior and interior of the … 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.
