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…
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
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
The factors driving the office market evolution have created tremendous opportunities for companies looking take advantage of today’s notable tenant-favorable conditions.
But, how can decision makers manage risk associated with unknown workplace needs, square footage, costs prior to lease signature?
Learn more about CBIZ Gibraltar’s Workplace Solutions!
It is National Women’s Business Month — and during October, and every month, our teams are proud to continue supporting, uplifting, and celebrating women in businesses. Our teams dedicate efforts and celebrate accomplishments, and we also make the connection to what we know best — tenant representation.
The factors driving the office market evolution in nearly every major U.S. market and across every asset class have created tremendous opportunities for healthy tenants. There are several key insights that can benefit tenants leveraging the current landscape for economic advantage….
Talent, performance, and culture live at the crossroads of workplace strategy — and today, the dynamics of where and how work gets done is driving interesting change and opportunity across the office market. In this video, CBIZ Gibraltar’s Noah Turner shares an update on the key factors in our evolving landscape.
How long will it take to plan and execute an office renegotiation or relocation? The question is being asked more and more today as businesses are taking a hard look at their workplace needs and evaluating what is best for their organization in the future.
Does bigger mean better? For tenants, it may mean the opposite…Crain’s announced the largest commercial property managers. While ‘big names top the list,’ some of the big risks for tenants continue to go overlooked.The issue is dual representation….
The decision comes up every time an organization’s lease expiration date nears — Renew vs Relocate. While challenges and opportunities exist in either scenario, working closely with a tenant representation firm helps organizations alleviate potential pitfalls of getting stuck in a bad lease, ensuring an outcome that benefits workplace goals and a firm’s overall bottom line. Whether you are … Continued