Monthly Archives: October 2020

Bradford Allen secures 180 N. Wacker leasing assignment in Chicago CBD

Bradford Allen is pleased to share with you our 2020 third quarter office market report.

This quarter in the downtown office market:

  • Direct net absorption was positive 150,562 s.f., posting a total of 303,703 year to date.
  • Year over year, direct availability rose from 14.02% to 16.51%.
  • Year over year, gross average asking rates dropped to $41.51 p.s.f. from $42.37 p.s.f.

To read the full report, click here.

 

Bradford Allen secures 180 N. Wacker leasing assignment in Chicago CBD

 

Ten with Ben 005: “Listener Q&A”

This week, Ben is taking on listener questions to give his feedback on the CRE market and occupancy trends. Ben shares how companies can benefit through landlords cutting rental rates and buildout costs in addition to sublease spaces coming to the market in mass. Taking a look at your lease now will help you evaluate your needs when you’re ready to renegotiate.

How will the Chicago market look in five years? Are the aftereffects of COVID-19 going to change things indefinitely? Listen as Ben walks us through the office footprint of the future.

Lastly, we’re focusing on the positives to come from the past seven months — learning to prioritize, finding a work-life balance, and increasing efficiency throughout your workday.