CHICAGO (July 16, 2026) – Bradford Allen, a national full-service commercial real estate development and advisory firm, today announced it has executed two recent leases with Illinois Retina in the Chicago market. The medical services provider signed a 16,228-square foot lease in north suburban Skokie, Ill., as well as an 8,728-square-foot lease in Munster, Ind., … Read more
This quarter in Chicago’s downtown office market: Leasing activity remained steady, though lower, with approximately 1.2 million square feet of direct deals completed in the second quarter, compared with 1.9 million square feet in the first quarter. Direct vacancy fell four-tenths of a percentage point to 24.4%, while net absorption totaled approximately 585,000 square feet. The market may also be on … Read more
Downtown Chicago’s office market continues to evolve as tenants and investors respond to shifting market conditions. In a recent article for Heartland Real Estate Business, Ben Azulay, president, national brokerage services, examines the trends shaping the market in 2026, from tenant demand for high-quality space and the growing popularity of spec suites to office-to-residential conversions … Read more
Chicago’s CBD office market supports users of all sizes, from multi-floor corporate headquarters to small partnerships. In our recent experience, space in the 3,000- to 5,000-square-foot range has become increasingly competitive, particularly in quality buildings and desirable locations. Read the full article now
CHICAGO — Bradford Allen has secured a new 10,641-square-foot office lease for AMI Group at 208 S. Jefferson St. in Chicago’s West Loop. The lease marks AMI Group’s first office in the city. The transaction was led by Bradford Allen’s Nathan Meisner, associate director, and Lauryn Sussman, senior associate, who represented AMI Group in securing … Read more
In the latest episode of Ten With Ben, Ben discusses the renewed momentum across Chicago’s commercial real estate market, from increased leasing and investment activity to landlords investing in upgraded amenities and large spec suites. He also shares why it’s time to move beyond the term “return to office” as office buildings across the city … Read more
Bradford Allen is pleased to share our latest office market reports. This quarter in Chicago’s downtown office market: Leasing activity decelerated with approximately 1.6 million square feet of direct deals in the first quarter versus just north of 2 million square feet in the fourth quarter of 2025. Direct vacancy rose a modest three-tenths of one … Read more
Chicago’s CBD sublease inventory surged in recent years as hybrid work reshaped office demand. Now, as availability begins to recede from its peak, sublease space is emerging as a compelling option for tenants seeking value and move-in-ready suites. Read the full article now
Bradford Allen’s research team analyzed recent CoStar data to understand how sublease activity in Chicago’s CBD has evolved since 2019, as hybrid work patterns have become more established. While overall office availability has increased nearly 75% during that time, the sublease market has followed a different path. After peaking at 7.6 million square feet in … Read more
Ben Azulay sits down with Bradford Allen’s Neil Bouhan, senior vice president, research, for this episode of Ten with Ben to unpack what’s shaping Chicago’s office market as 2026 begins. The conversation highlights encouraging year-end signals, including improving leasing momentum and how vacancy trends are evolving. They also discuss how shifting tenant priorities are influencing … Read more
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