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 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.
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….
What is the current state of the office market? In Q1 2024, the Chicago market continues to see an improvement in the return to the office movement, with tenants prioritizing well-located buildings with newer amenities and collaborative spaces….
In this video, CBIZ Gibraltar Sr. Vice President Noah Turner shares a quick update on the state of the Industrial Sector and points to key indicators driving activity across the market, including strong absorption, development, record low vacancy rates, and record high asking rents.
As many five and ten-year leases come up for the first time since the start of the pandemic, employers are seriously rethinking what they need for their future workplace. While most decision-makers agree that a hybrid work model will remain, 90% of companies will return to the office by the end of 2024 — and … Continued
The tenant-favorable Chicago Suburban office market conditions present interesting opportunities for occupiers in their current and future leases. In this video, CBIZ Gibraltar’s Executive Vice President Bill Main discusses the current state of the office market in the Chicago Suburbs. As landlords continue to face challenges between lender issues and increased vacancy, they have a lot to … Continued
What is the current state of the office market? In Q3 2023, Chicago is showing rising occupancy, tenant tours and move-Ins, also mixed with increasing available space and consistent vacancy. Read more insights that tenants can leverage for economic advantage in the current landscape….