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
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
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.
