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
Amid economic volatility, employers are becoming increasingly concerned with how to maximize recruitment and retention efforts without raising costs. While we acknowledge that office space is generally the second largest expense on the balance sheet after payroll, business leaders are taking advantage of market trends for economic advantage and view real estate operating costs as … 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