Q3/21 Downtown Chicago Office Market Report

Aerial view of Magnificent Mile district buildings near DuSable Lake Shore Drive and Lake Michigan.

Bradford Allen is pleased to share with you our Q3/2021 Downtown Chicago Office Market Report. This quarter in the downtown office market: The overall sublet availability rate remained unchanged at 3.92%, quarter over quarter. Quarter over quarter, overall direct availability and vacancy rates rose from 19.5% to 20.1% and from 14.0% to 15.1%, respectively. Overall, … Read more

Bradford Allen completes 35,000 SF of leasing in Downtown Chicago

Trendy office lobby with granite walls and lounge area.

Chicago, IL ­– Jeffrey A. Bernstein and Laurence B. Elbaum, Principals and Co-Founders of Bradford Allen, are pleased to announce the firm’s Downtown Agency Services practice has completed three new leases for a total of 35,000 square feet in downtown Chicago. Workbox (represented by Grant Rich and Kyle Hundelt of Colliers) signed a new 13,738-SF … Read more

Bradford Allen Completes 7,000-SF Lease Renewal in Downtown Chicago

Traffic on Wacker Drive with buildings in the background.

Chicago, IL — Jeffrey A. Bernstein and Laurence B. Elbaum, Principals and Co-Founders of Bradford Allen are pleased to announce that Managing Director Justin Kessler and Associate Riley Schleifer completed a 7,000-square-foot lease renewal for Stone & Johnson at 111 W. Washington Street in Chicago, IL. The Landlord was represented by Erica Rogers of Golub … Read more

Bradford Allen secures 10,000-SF, ten-year renewal at 200 S. Michigan Ave

Building signage that reads "200 South Michigan Avenue" near a Starbucks Coffee location.

Chicago, IL — Jeffrey A. Bernstein and Laurence B. Elbaum, Principals and Co-Founders of Bradford Allen, are pleased to announce that Ben Azulay, Principal, completed a 10,000-square-foot, ten-year lease renewal for Rubinos and Mesia Engineers, Inc. (RME) at 200 S. Michigan Avenue. The renewal allows the engineering firm to remain on the 15th floor of the … Read more

Q4/20 Downtown Chicago Office Market Report

View of skyscraper from ground.

Bradford Allen is pleased to share with you our Q4 2020 Downtown Chicago Office Market Report. This quarter in the downtown office market: The overall sublet availability rate doubled from 1.90% to 3.83%, year over year. Quarter over quarter, direct availability and vacancy rose to 17.90% from 16.51% and to 11.98% from 10.86%, respectively. Overall, … Read more

Bradford Allen secures 180 N. Wacker leasing assignment in Chicago CBD

Chicago, IL – Jeffrey A. Bernstein and Laurence B. Elbaum, Principals and Co-Founders, are pleased to announce that Bradford Allen has been appointed the exclusive leasing agent for 180 N. Wacker Drive in the Chicago CBD. The team of Andy DeMoss (Senior Managing Director, Downtown Agency Leasing) and Alex Gordon (Director) will lease the six-story, 75,826-square-foot … Read more

BA Secures New Leasing Assignment with Historic One North LaSalle

Chicago, IL – Jeffrey A. Bernstein and Laurence B. Elbaum, Principals and Co-Founders, are pleased to announce that Bradford Allen has been appointed the exclusive leasing agent for One North LaSalle in the Chicago CBD. One North LaSalle, a 47-story, 500,000-square-foot office tower, is a Chicago landmark and one of the city’s best surviving examples … Read more

Bradford Allen secures 180 N. Wacker leasing assignment in Chicago CBD

Chicago, IL – Jeffrey A. Bernstein and Laurence B. Elbaum, Principals and Co-Founders, are pleased to announce that Bradford Allen has been appointed the exclusive leasing agent for One North LaSalle in the Chicago CBD. One North LaSalle, a 47-story, 500,000-square-foot office tower, is a Chicago landmark and one of the city’s best surviving examples … Read more

Bradford Allen secures 180 N. Wacker leasing assignment in Chicago CBD

Bradford Allen is pleased to share with you our 2020 third quarter office market report. This quarter in the downtown office market: Direct net absorption was positive 150,562 s.f., posting a total of 303,703 year to date. Year over year, direct availability rose from 14.02% to 16.51%. Year over year, gross average asking rates dropped … Read more

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