The Chicago office market continues to remain tenant-favorable, with tenants prioritizing well-located buildings having newer amenities and collaborative spaces. The demand for better assets has caused a slight uptick in Trophy and Class A rental rate asking positions, but not effective rates. The demand for higher quality space has forced many landlords of lower quality, … Continued
What are the key phases of the lease process? How can tenants benefit from a conflict-free broker? The factors driving the office market evolution have created tremendous opportunities for companies looking to take advantage of today’s tenant-favorable conditions. As tenants map their needs for their future workplace, many are eager to learn more about a strategic process, … Continued
Our team at CBIZ Gibraltar is always monitoring conditions across office markets – and there are several key insights that can benefit tenants leveraging the current landscape for economic advantage. In the suburban Chicago market, leasing activity saw a slight uptick towards the end of 2024 with tenant demand focused on well located, high-quality and … Continued