Bradford Allen is pleased to share with you our Year-End 2021 Suburban Chicago Office Market Report. This quarter in the suburban office market: The overall sublet availability rate increased from 3.9% to 4.5%. Overall direct vacancy and availability rates were 27.4% and 32.7%. The market posted a $24.58 p.s.f. gross asking rate. There was 1.1 … Read more
Suburban Chicago’s office vacancy rates may seem historically high, but the headline numbers overlook key details about the marketplace. Large, low-quality properties are having an outsized effect on the averages. Removing these “zombies” from the data shows the market is more competitive than you think. Read on to find out more
CHICAGO, IL — John Butler, Executive Managing Director of BAIA, is pleased to announce the acquisition of Edens Corporate Center at 630 & 650 Dundee Road in Northbrook, IL. Bradford Allen Realty Services will be the leasing agent, and Bradford Allen Management Services will be the property manager. Built in 1988, the recently renovated property … Read more
CHICAGO, IL — Jeffrey A. Bernstein and Laurence B. Elbaum, Principals and Co-Founders of Bradford Allen, are pleased to announce that Senior Managing Director Joel Berger has completed five transactions totaling 35,539 SF at 570 Lake Cook Road in Deerfield, IL. Banner Real Estate Group (represented by Randy Bowles and Steve Levitas of Newmark) signed … Read more
Chicago, IL — Jeffrey A. Bernstein and Laurence B. Elbaum, Principals and Co-Founders of Bradford Allen, are pleased to announce that Senior Managing Director Joel Berger has completed a 16,500-square-foot renewal lease between Vail Systems, Inc. and the ownership of 570 Lake Cook Road in Deerfield, IL. Vail, a long-time tenant and the second-largest in … Read more
Chicago, IL — Jeffrey A. Bernstein and Laurence B. Elbaum, Principals and Co-Founders of Bradford Allen, are pleased to announce that Managing Director Norm Murdoch completed a new 10,500-square-foot lease between Parkway Dental Services, LLC and the ownership of 501 West Lake. Parkway, a dental supplies and equipment provider, signed a seven-year lease for their … Read more
Chicago, IL — Jeffrey A. Bernstein and Laurence B. Elbaum, Principals and Co-Founders of Bradford Allen, are pleased to announce that Joel Berger, Senior Managing Director, completed a 23,000-square-foot lease (12,000-square-foot renewal and 11,000-square-foot expansion) for Professional Wealth Advisors (PWA) at 2655 Warrenville Road in Downers Grove, IL. The building is owned and leased by … Read more
Chicago, IL – Jeffrey A. Bernstein and Laurence B. Elbaum, Principals and Co-Founders, are pleased to announce that Senior Managing Director Joel Berger has completed a 22,916-square-foot lease renewal on behalf of Cinch Connectivity Solutions, Inc. The electrics manufacturer signed a six-year lease extension to remain in their offices at 1700 S. Finley Road in … Read more
Chicago, IL – John Butler, Executive Managing Director of BAIA, is proud to announce the acquisition of 570 Lake Cook Road in Deerfield, IL. Bradford Allen Realty Services will be the leasing agent, while Bradford Allen Management Services will be the property manager. Built in 1984, the newly renovated property is a 137,492-square-foot suburban office building … Read more
Bradford Allen is pleased to share with you our Year-End 2020 Suburban Chicago Office Market Report. This quarter in the suburban office market: Year over year, the overall sublet availability rate increased from 1.94% to 2.99%. From year-end 2019 to year-end 2020, direct vacancy and availability rose from 19.55% to 21.95% and 24.16% to 26.18%, … 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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