Ten with Ben 005: “Listener Q&A”

This week, Ben is taking on listener questions to give his feedback on the CRE market and occupancy trends. Ben shares how companies can benefit through landlords cutting rental rates and buildout costs in addition to sublease spaces coming to the market in mass. Taking a look at your lease now will help you evaluate … Read more

Ten with Ben 003: “Exploring Your Lease Options”

Ben Azulay is back in this week’s Ten with Ben, diving into real estate in the new world. This week, he is focused on lease options and explains why a tenant may want to consider renewal, termination, or expansion options in their lease. Learn why these decisions are crucial for tenants, and why landlords may … Read more

Mid-Year 2020 Suburban Chicago Office Market Report

Bradford Allen is pleased to share with you our 2020 mid-year Chicago suburban office market report. This quarter in the suburban office market: Net absorption was positive 77,400 s.f. for the quarter but negative 422,822 s.f. at mid-year. From year-end 2019 to mid-year 2020, availability rose 24.16% to 24.73% and direct vacancy rose 19.55% to … Read more

Q2/20 Downtown Chicago Office Market Report

Bradford Allen is pleased to share with you our 2020 second quarter Chicago office market report. This quarter in the downtown office market: Net absorption was negative 540,590 s.f. for the quarter and positive 153,141 s.f. for the year. Quarter over quarter, direct availability rose to 15.71% from 14.69% and vacancy rose to 10.26% from … Read more

BA Completes 8,373-SF Lease Extension for Openlands

Chicago, IL — Jeffrey A. Bernstein and Laurence B. Elbaum, Principals and Co-Founders of Bradford Allen, are pleased to announce that Managing Director Jonathan Seeley and Associate Merrick Wells have completed a lease extension on behalf of Openlands. The Chicago-based nonprofit signed a long-term lease extension to remain in their offices at 25 E. Washington, … Read more

Ten with Ben 002: “Negotiating Leases During Covid”

Ben Azulay is back in this week’s ­Ten with Ben to continue exploring leases in the “new world.” Many companies haven’t committed to a return date to the office, and it’s brought uncertainty to the market. There will be both temporary and permanent changes in the way we operate moving forward, but how will it … Read more

Bradford Allen Arranges Full-Building Lease

CHICAGO, IL — Jeffrey A. Bernstein and Laurence B. Elbaum, Principals and Co-Founders of Bradford Allen, are pleased to announce that Managing Directors Ryan Moen and Norm Murdoch have arranged a new 37,259-square-foot lease at 2375 Cabot Drive in Lisle, Illinois on behalf of owner First American Properties. Water Quality Association (WQA) will occupy the … Read more

Bradford Allen Represents Team Rubicon in First Chicago Lease

CHICAGO, IL — Bradford Allen is pleased to announce that Ben Azulay, Principal, has completed a new lease transaction on behalf of Team Rubicon at 459 N. Wolcott Avenue. The disaster-relief nonprofit signed a seven-year lease, where they will occupy the entire 11,500-square-foot building. The West Town property previously served as a firehouse and will … Read more

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