The Chicago Central Business District (CBD) office market continued to evolve through the second quarter of 2025, reflecting ongoing tenant-favorable conditions, widening disparities between asset classes, and a wave of repositioning activity in the investment market. Our team at CBIZ Gibraltar is always monitoring conditions across office markets – and there are several key insights … Continued
CBIZ Gibraltar (“Gibraltar”) is pleased to announce its representation of Golub Capital(“Golub”), supporting the market leading, award-winning direct lender and credit assetmanagement company in securing favorable lease economics for 205,000 SF inChicago. The transaction marks the largest leases signed in Chicago in 2025, advancing ‘The Bell’ (225 West Randolph Street) to 85% leased. The deal marks … 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 second half of the year with tenant demand focused on well located, … Continued
The evolution in the remote vs. in-person workforce since the pandemic suggests a reimagining of traditional work environments that challenge preexisting norms and open doors to new operational strategies and employee expectations. While many employees favor remote work or hybrid approach with flexibility, leaders are embracing the benefits of in-person work and its impact on culture, collaboration, … Continued
Workplace design is undergoing a fundamental shift, as more companies commit to lasting two- to four-year hybrid work strategies with a focus on everything from building amenities to workspaces custom designed as dynamic drivers of performance, culture, and recruitment. However, design alone isn’t enough. To get it right, companies must align space strategy, lease terms, … Continued
Managing commercial real estate isn’t just a matter of tracking square footage and due dates — it’s a matter of strategy. Whether your organization has a single office or dozens of locations across the country, the operational, financial, and strategic stakes tied to your real estate decisions have never been higher. Today’s office landscape is … Continued
In today’s evolving commercial landscape — where tenants are rethinking space needs, pushing for flexibility, and upgrading aesthetics to reflect brand identity — leasehold improvements have taken center stage in both real estate strategy and financial reporting. When a company leases a new space, it often needs to make improvements to suit its business needs. … Continued
Industrial real estate continues to represent a very active commercial segment. In Chicago, as the nation’s premier freight hub, Manufacturing and FIRE (Finance, Insurance, and Real Estate) industries largely drive the economic engine. According to the Chicago Metropolitan Agency for Planning, about 25% of all freight trains and 50% of all intermodal trains in the … Continued
The driving forces in the office market are not necessarily new. Trends in a return to the office that took place in 2024 and solidified in early 2025 continue to take shape, and will continue to strengthen in the year ahead with hybrid policy as a critical focus for leaders. While the debate over where … Continued
The commercial real estate market continues to adjust to shifting office space needs since the pandemic. Even as employers implement return-to-office (RTO) policies, in-office work hours are 30% lower than pre-pandemic norms and projected to remain there. As a result, tenants have different priorities and expectations when making decisions about their office space…