CHICAGO – February 7, 2023 – Jeffrey A. Bernstein and Laurence B. Elbaum, principals and co-founders of Bradford Allen, are pleased to announce Danielle Morse has been named Senior Managing Director and will lead Bradford Allen Investment Advisors’ (BAIA) multifamily investment platform. In this role, Danielle will manage the multifamily acquisitions program from deal sourcing … Read more
Dan Fernitz and Justin Kessler discuss the latest trends in the real estate market, exploring the dynamics of office spaces, suburbs, and downtown developments.
Bradford Allen is pleased to share with you our latest office market report. This quarter in the downtown office market: View ReportDownload PDF
CHICAGO, IL — Senior Managing Director Andy DeMoss is pleased to announce Craig Nadborne has been named the loft division leader on the downtown agency team. “Loft has always been a focus at Bradford Allen, but as our downtown agency practice has grown, launching a dedicated team of loft specialists was the best way to … Read more
CHICAGO, IL — Jeffrey A. Bernstein and Laurence B. Elbaum, Principals and Co-Founders of Bradford Allen, are pleased to announce that Ben Azulay, Principal, along with Riley Schleifer, Associate, completed a 15,000-square-foot-lease renewal for Ahlgren Law at 33 N LaSalle, a renovated and amenitized vintage art deco tower in the Central Loop. “In a volatile … Read more
Bradford Allen is pleased to share with you our latest office market report. This quarter in the downtown office market: Absorption levels turned positive for the first time this year at 221,780 s.f. for Q3 Direct vacancy remained relatively unchanged at 18.3% The gross asking rate for the market is $43.94 p.s.f. Sublet availability remained … Read more
In Chicago’s CBD, new office construction has come to a screeching halt, only a couple years after hitting record highs. And even as the effects of the pandemic dissipate, new development continues slowing. What’s behind this deceleration in supply growth? We identify four primary factors weighing on the office construction market and discuss long-run implications for … Read more
Bradford Allen is pleased to share with you our latest office market report. This quarter in the downtown office market: Absorption levels improved but remained negative at -300,000 s.f. for Q2 Direct vacancy increased to 18.4% The gross asking rate for the market is $42.87 p.s.f. Sublet availability slightly increased from 3.9% in Q1 to … Read more
Bradford Allen is pleased to share with you our latest office market reports.Chicago’s downtown office market remained dynamic amid distress in Q1/22 as the flight-to-quality trend continued. With a direct vacancy rate above 18%, rising sublet availability, high-profile properties in distress and ample new deliveries, tenants are finding enticing concessions. Digging beneath the headline statistics, … Read more
Bradford Allen is pleased to share with you our Year-End 2021 Downtown Chicago Office Market Report. This quarter in the downtown office market: The overall sublet availability rate remained relatively stable at 3.9%, quarter over quarter. Quarter over quarter, overall direct availability and vacancy remained flat at 19.8% and 15.2%, respectively. Overall, the market posted … 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.
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