Author Archives: Neil Bouhan

Q1/26 Downtown Chicago Office Market Report

Published April 9, 2026

Bradford Allen is pleased to share our latest office market reports.
This quarter in Chicago’s downtown office market:

  • Leasing activity decelerated with approximately 1.6 million square feet of direct deals in the first quarter versus just north of 2 million square feet in the fourth quarter of 2025.
  • Direct vacancy rose a modest three-tenths of one percent to 24.8% and net absorption was approximately negative 300,000 square feet.
  • The CBD’s office construction pipeline flatlined as its last active project, 919 W Fulton, was delivered. With no new projects on the horizon, availability in sought-after buildings and submarkets will continue to tighten. New supply is mostly coming to market through renovations, for example at the 1.2 million square foot Thompson Center, which Google is set to occupy in 2027.
  • Tenant preferences remain for move-in-ready suites. Close to one-third of leasing activity in Q1/26 was for move-in-ready or spec suites. In 2025, nearly 40% of leasing activity for the entire year was spec and pre-built suites, a 200% increase since 2020.

 

CRE Pulse 010: Chicago’s Sublease Surge

Published March 12, 2026

Chicago’s CBD sublease inventory surged in recent years as hybrid work reshaped office demand. Now, as availability begins to recede from its peak, sublease space is emerging as a compelling option for tenants seeking value and move-in-ready suites.

Read the full article now

 

Chicago’s Sublease Surge: From Peak Inventory to Stabilized Commitments in a Hybrid World

Published February 12, 2026

Bradford Allen’s research team analyzed recent CoStar data to understand how sublease activity in Chicago’s CBD has evolved since 2019, as hybrid work patterns have become more established. While overall office availability has increased nearly 75% during that time, the sublease market has followed a different path. After peaking at 7.6 million square feet in 2023, available sublease inventory declined to 5.3 million square feet in 2025. At the same time, average sublease terms have nearly doubled to 66 months, and leasing activity has become more concentrated in high-performing submarkets — particularly the West Loop. Combined with average savings of $15 per square foot, these trends suggest subleasing is increasingly a durable, cost-effective strategy shaping future leasing behavior and space-planning decisions.

Line chart depicting total available sublet square footage. After peaking at 7.6 million square feet in 2023, available sublease inventory declined to 5.3 million square feet in 2025.
  • Available sublease space in the Chicago CBD totaled 5.3 million square feet at the end of 2025, down from a peak of 7.6 million square feet in 2023.
  • Since 2019, tenants have executed more than 4 million square feet of sublease transactions (for spaces of 5,000 square feet and above), averaging 515,500 square feet completed per year — roughly 10% of annual sublease inventory.
  • Overall availability has increased nearly 75% since 2019, driven by shifting workplace strategies and evolving space needs.
  • Average sublease term length has nearly doubled since 2019, with 2025 seeing an average term of just over 66 months, compared with nearly 38 months for deals signed in 2019 — suggesting tenants are increasingly willing to commit to longer sublease terms as hybrid strategies stabilize and space needs become clearer.
  • A handful of submarkets have been more successful than others in leasing sublease space. The West Loop has emerged as a clear leader, followed by the Central Loop and River North. The West Loop accounted for an average of 36% of completed submarket activity annually, while Fulton Market made up just 6% of completed deals.
  • Tenants save an average of $15 per square foot on sublease space, allowing cost-conscious tenants to take advantage of space quality and existing buildouts they may not have otherwise accessed.

Overall, the data points to a Chicago CBD sublease market that is showing signs of stabilization. Although availability remains elevated, declining peak inventory, longer deal terms, and consistent cost advantages suggest sublease space continues to play an important role in tenant decision-making. Together, these shifts reflect a market adjusting to evolving workplace strategies and changing tenant priorities.

SENIOR VICE PRESIDENT
NEIL BOUHAN
Chicago, IL
SENIOR ANALYST
MORGAN SULLIVAN
Chicago, IL
 

Year-End 2025 Suburban Office Market Report

Published January 14, 2026

Bradford Allen is pleased to share with you our latest office market report.

The second half of the year in the suburban office market:

  • Vacancy was 26.0%, up almost imperceptibly from 25.7% at the end of 2024, suggesting the market may be nearing an inflection point.
  • Direct net absorption in the second half of 2025 was nearly negative 300,000 square feet, bringing annual net absorption to negative 179,000 square feet, a significant improvement from the negative 1.3 million square feet of absorption in 2024.
  • Investment sales activity slowed in the second half of the year, with the year closing out at $188 million of transactions completed in 2025—nearly half the volume seen the year prior. The average price per square foot in these transactions was just $49.
  • It’s not all bad news for buildings in the suburbs—overall, tenants continue to recognize the operational advantages and cost efficiencies of well-located suburban assets, which continue to drive leasing velocity in quality properties and spec suites.

 

Q4/25 Downtown Chicago Office Market Report

Published January 14, 2026

Bradford Allen is pleased to share our latest office market reports.
This quarter in Chicago’s downtown office market:

  • Q4 2025 net absorption turned positive for the first time in nine quarters, recording 163,433 square feet of absorbed space, bringing the annual net absorption in the CBD to negative 2 million square feet and underscoring an uneven recovery despite improved quarterly performance.
  • Direct vacancy remains elevated, settling at 24.3% in the last quarter of the year, up a full percentage point from Q1 2025.
  • The average gross asking rates were steady at $41 per square foot.
  • Q4/25 activity highlighted a clear preference for move-in-ready spec suites, first-class amenities, and cutting-edge office technology—especially in locations with strong transit access. Nearly 40% of all completed transactions during 2025 were for move-in-ready spec suites.

 

Q3/25 Downtown Chicago Office Market Report

Published October 9, 2025

Bradford Allen is pleased to share our latest office market reports.
This quarter in Chicago’s downtown office market:

  • Q3 2025 net absorption was approximately negative 170,000 square feet, an improvement over Q2’s negative 1.7 million square feet..
  • Direct vacancy was 24.4%, in-line with last quarter’s record high 24.7%.
  • The average gross asking rates were up slightly from the prior quarter to approximately $42 per square foot.
  • Move-in ready suites continued to outperform the market, accounting for over 40% of all leased square footage year to date.
  • West Loop and Central Loop combined to account for almost three quarters of all leasing activity by square feet.

 

Mid-Year 2025 Suburban Office Market Report

Published July 31, 2025

Bradford Allen is pleased to share with you our latest office market report.

The first half of the year in the suburban office market:

  • Vacancy was 25.1% marketwide, though when excluding “zombie” buildings with minimal occupancy, the adjusted vacancy rate was 20%.
  • H1 2025 direct net absorption was effectively zero, a significant improvement from H1 2024’s negative 770,000 square feet.
  • Investment sales activity totaled $121 million, with properties continuing to sell at substantial discounts—notably, the Oak Brook Office Center (327,000 square feet) sold for just under $9 million versus $33 million in 2013.
  • Despite challenges, resilient demand persists for well-located, quality assets as tenants value operational advantages, amenities, and cost efficiencies.

 

Q2/25 Downtown Chicago Office Market Report

Published July 31, 2025

Bradford Allen is pleased to share with you our latest office market report. Activity in Chicago’s downtown office market was steady, as firms expanded and well-capitalized owners continued robust leasing programs.

This quarter in Chicago’s downtown office market:

  • Q2 2025 net absorption was negative 1.5 million square feet, among the weakest since Q1 2024.
  • Direct vacancy continued to climb, reaching a record high of 24.7%, up 1.3 percentage points from Q1 2025.
  • The average gross asking rates were down from the prior quarter to approximately $41 per square foot.
  • Spec suites continued to outperform the market, accounting for nearly one-third of all leased square footage year to date, remaining highly sought after by tenants.

 

Q1/25 Downtown Chicago Office Market Report

Published April 10, 2025

Bradford Allen is pleased to share with you our latest office market report. Activity in Chicago’s downtown office market was steady, as firms expanded and well-capitalized owners continued robust leasing programs.

This quarter in the downtown office market:

  • Q1/25 direct net absorption was negative 173,000 square feet, significantly improved relative to negative 1.8 million square feet in Q1/24 and negative 1 million square feet in Q4/24.
  • Direct vacancy rose, reaching a record high of 23.4%.
  • Spec suites and full buildouts accounted for 38.9% of leasing activity, emphasizing the importance of user-friendly, move-in-ready space and financially committed ownership.
  • The West Loop secured over half of the quarter’s leasing activity, followed by River North (16.2%) and the Central Loop (11.8%).

 

Year-End 24 Suburban Office Market Report

Published January 24, 2025

Bradford Allen is pleased to share with you our latest office market report.

The second half of the year in the suburban office market:

  • Vacancy was effectively unchanged in the second half of the year at 24.6%.
  • Year-end direct net absorption was negative 1.4 million square feet, significantly worse than 2023’s negative 173,000 square feet.
  • Much of the market’s distress lies in older, poorly located properties, which only account for 2.7% of the market’s overall inventory.
  • Investment sales activity was up this year as $368 million traded hands, with properties selling for an average discount of 17% from their previous purchase price.

 

Q4/24 Downtown Chicago Office Market Report

Published January 24, 2025

Bradford Allen is pleased to share with you our latest office market report.

This quarter in the downtown office market:

  • 2024 net absorption was negative 3.6 million square feet, nearly double the negative 1.9 million square feet recorded in 2023.
  • Direct vacancy continued to climb, reaching a record high of 23.2%.
  • The average gross asking rates were $42.85 per square foot.
  • Spec suites and full build-outs continued to outperform the market, accounting for an increasing share of leasing activity—28.6% in 2024 up from 9% in 2019.

 

Q3/24 Downtown Chicago Office Market Report

Published October 14, 2024

Bradford Allen is pleased to share with you our latest office market report. 

It was a familiar story in Q3 for Chicago’s downtown office market as headline statistics didn’t improve, nor degrade, materially over the prior quarter. 

  • Absorption was negative 600,000 square feet, bringing the year-to-date absorption to negative 2.6 million square feet.
  • The direct vacancy rate in the CBD reached 22.5%.
  • The CBD’s average gross asking rate dropped slightly to $42.85 per square foot.
  • Well-capitalized owners continued to withstand market fluctuations, attracting and retaining a strong tenant base.

 

Mid-Year 24 Suburban Chicago Office Market Report

Published July 11, 2024

Bradford Allen is pleased to share with you our latest office market report.

The second half of the year in the suburban office market:

  • Absorption levels declined as -800,000 square feet was absorbed through the first half of 2024.
  • The direct vacancy rate held steady at 24%.
  • Available sublease space on the market decreased to 2.7 million square feet.
  • The average gross asking rate is $27 per square foot.

 

Q2/24 Downtown Chicago Office Market Report

Published July 11, 2024

Bradford Allen is pleased to share with you our latest office market report.

This quarter in the downtown office market:

  • Absorption improved but remained negative with -67,000 square feet absorbed through Q2/24, resulting in a total of -1.9 million square feet through the first half of 2024.
  • The direct vacancy rate reached 22% in Chicago’s CBD.
  • Demand for move-in-ready suites has increased significantly over the past several years.
  • The average gross asking rate for the CBD held steady at $43 per square foot.

 

CRE Pulse 009: Chicago’s Resilient Suburban Office Market

Published May 16, 2024

Chicago’s suburban office market is undergoing a period of intense transformation. But are the headlines about its unending struggles justified? Our latest report challenges the prevailing narrative, revealing a market filled with opportunities. Dive deeper to uncover insights that redefine the competitive landscape—insights the headlines have overlooked.

Read the full article now

 

Q1/24 Downtown Chicago Office Market Report

Published April 11, 2024

Bradford Allen is pleased to share with you our latest office market report.

This quarter in Chicago’s downtown office market:

  • Absorption remained negative with -1.4 million square feet absorbed through Q1/24.
  • The direct vacancy rate surpassed 21% in the CBD.
  • Demand is increasing for move-in ready office suites which accounted for more than 38% of deals in Q1/24.
  • The average gross asking rate in Chicago’s CBD remained at $43 per square foot.

 

Year-End 23 Suburban Chicago Office Market Report

Published January 11, 2024

Bradford Allen is pleased to share with you our latest office market report.

The second half of the year in the suburban office market:

  • Leasing activity remained above pre-pandemic levels with more than 5.2 million s.f. leased through 2023.
  • Absorption remained negative with -930,000 s.f. absorbed through the back half of 2023, resulting in -1.2 million s.f. of net absorption through the year.
  • The direct vacancy rate increased to 28.3%.
  • The average gross asking rate for the market is $27 per s.f.

 

Q4/23 Downtown Chicago Office Market Report

Published January 11, 2024

Bradford Allen is pleased to share with you our latest office market report.

This quarter in the downtown office market:

  • Absorption remained negative with -530,000 s.f. absorbed through Q4/23, resulting in a total of -1.6 million s.f. of net absorption through 2023.
  • The direct vacancy rate surpassed 20% in the CBD.
  • Available sublease space on the market remained steady, sitting at 7.7 million s.f.
  • The average gross asking rate for the CBD declined to $43 per s.f.

 

Q3/23 Downtown Market Report

Published October 10, 2023

Bradford Allen is pleased to share with you our latest office market report.

This quarter in the downtown office market:

  • Absorption turned negative with -431,000 s.f. of net absorption through Q3/23, resulting in year-to-date levels of -933,000 s.f.

  • The direct vacancy rate remained steady, sitting at 19.8% for the CBD.

  • Available sublease space ticked down to 7.6 million s.f.

  • The gross asking rate for the market remained at $44 p.s.f.

 

Q2/23 Downtown Market Report

Published July 11, 2023

Bradford Allen is pleased to share with you our latest office market report.

This quarter in the downtown office market:

  • Absorption levels turned positive in Q2/23, as more than 64,000 square feet of office space was absorbed this quarter—a significant improvement compared to the negative 1.8 million square feet of absorption in Q1.
  • Direct vacancy rate remained steady, sitting at 19.2%.
  • The gross asking rate for the market is $44.25 p.s.f.
  • Available sublease space increased to 7.8 million square feet in Q2/23.

 

Mid-Year 2023 Suburban Chicago Office Market Report

Published July 11, 2023

Bradford Allen is pleased to share with you our latest office market report.

This half in the suburban office market:

  • Leasing activity surpassed pre-pandemic levels, as nearly 2.6 million square feet of office space has been leased year-to-date.
  • Absorption levels remained negative at -332,000 s.f. through mid-year 2023.
  • Direct vacancy rate decreased to 26.9%.
  • The gross asking rate for the market is $26.67 p.s.f.
  • Sublet availability slightly declined to 3.9% in Q4/22.

 

CRE Office Pulse 008: Tracking Chicagoland’s Return to the Office

Published June 8, 2023

While hybrid and remote work are here to stay, the benefits of in-person collaboration are compelling. Both employers and employees increasingly see the value of returning to the office, and tracking these trends reveals important insights, like the relative success of the suburban office markets. Still, for Chicago’s CBD, the long-term fundamentals remain strong and are moving in the right direction.

Read the full article now

 

Q1/23 Downtown Chicago Market Report

Published April 5, 2023

Bradford Allen is pleased to share with you our latest office market report.

This quarter in the downtown office market:

  • Absorption levels turned negative to start the year, posting -1.8 million s.f. in Q1/23

  • Direct vacancy increased to 19.8%

  • The gross asking rate for the market is $42.89 p.s.f.

  • Sublet availability remained steady at 4.5% in Q1/23

 

Year-End 2022 Chicago Suburbs Office Market Report

Published January 12, 2023

Bradford Allen is pleased to share with you our latest office market report.

This half in the suburban office market:

  • Absorption levels improved but remained negative at -250,000 s.f. in the back half of 2022
  • Direct vacancy rate remained steady at 28.9%
  • The gross asking rate for the market is $26.22 p.s.f.
  • Sublet availability slightly decreased to 4.1%

 

Q4/22 Downtown Chicago Market Report

Published January 12, 2023

Bradford Allen is pleased to share with you our latest office market report.

This quarter in the downtown office market:

  • Absorption levels turned negative to end the year, posting -600,000 s.f. in Q4/22
  • Direct vacancy increased to 18.9%
  • The gross asking rate for the market is $42.64 p.s.f.
  • Sublet availability remained relatively unchanged at 4.2%

 

CRE Office Pulse 007: Chicago Remains a Top Prospect

Published November 21, 2022

For corporate headquarters decisions, Chicago ranks well among its competitors, and the reasons companies chose the city prior to the pandemic have remained relatively unchanged. The diverse talent pool, favorable location, extensive transit options and relatively less expensive cost-of-living creates an ideal situation for employers and employees. Even though the pandemic created a structural shift in the office market, companies continue to reaffirm their commitment to city, helping the long-term stability of Chicago’s CBD.

Read on to find out more

 

Bradford Allen expands Downtown Agency Leasing practice

Published October 19, 2022

CHICAGO, IL — Senior Managing Director Andy DeMoss is pleased to announce Craig Nadborne has been named the loft division leader on the downtown agency team.

“Loft has always been a focus at Bradford Allen, but as our downtown agency practice has grown, launching a dedicated team of loft specialists was the best way to continue delivering first-class service to our agency clients,” said Andy DeMoss, the downtown agency team lead. “Craig was the obvious choice to run it,” Andy continued, “with over three decades in the business, including the past 15 years with Bradford Allen, Craig has an outstanding track record representing loft buildings.”

“I couldn’t be more excited to step into this role and continue to build BA’s loft agency business, “Nadborne said. “I’ll bring the same customer-first approach and value-add market insights that have helped me close over 1,000 transactions in my career.”

“Our goal is to continue to grow our entire CBD agency business,” continued DeMoss. “We believe our street-level reconnaissance culture and focus on direct canvassing for tenants is advantageous to all building owners, especially in this leasing environment.”

Craig’s current assignments include 162 W Hubbard, 314 W Institute, 415 N Dearborn and 808 N Cleveland. With this new role, he will add these properties to his portfolio: 626 W Jackson, 900 N Franklin, 224 N Des Plaines 404 S Wells and 412 S Wells. Recent associate-level hires Lanie Trotter and Grace Garza will assist Craig, providing full-service coverage to BA’s agency relationships.

About Bradford Allen
Bradford Allen is a national commercial real estate firm based in the heart of downtown Chicago. The company offers a full array of brokerage services and expertise to entrepreneurial, corporate, and not-for-profit clients. Services include strategy, marketing, and transaction execution for occupiers, investors, and owners of commercial real estate. Bradford Allen is the brand name of Bradford Allen Realty Services.

 

Bradford Allen Represents the Law Office of Robert D. Ahlgren and Associates in 15,000 SF Renewal

Published October 19, 2022

CHICAGO, IL — Jeffrey A. Bernstein and Laurence B. Elbaum, Principals and Co-Founders of Bradford Allen, are pleased to announce that Ben Azulay, Principal, along with Riley Schleifer, Associate, completed a 15,000-square-foot-lease renewal for Ahlgren Law at 33 N LaSalle, a renovated and amenitized vintage art deco tower in the Central Loop.

“In a volatile leasing market like this, tenants have multiple opportunities to negotiate and improve their space. But there are also more risks, like historically high rents in some submarkets and potentially distressed buildings in others. We were able to work closely with Ahlgren, understand their needs, navigate the risks, and maximize their leverage in negotiating a renewal,” said Azulay.

Ahlgren Law is a Chicago-based immigration law firm. Since 1973, they have worked tirelessly to meet clients’ needs on the path to legal status. A full-service firm, Ahlgren’s passionate attorneys and dedicated staff represent individuals and families in a variety of immigration matters, including family cases, removal (deportation) defense, U.S. citizenship and naturalization, and appeals.

About Bradford Allen
Bradford Allen is a national commercial real estate firm based in the heart of downtown Chicago. The company offers a full array of brokerage services and expertise to entrepreneurial, corporate, and not-for-profit clients. Services include strategy, marketing, and transaction execution for occupiers, investors, and owners of commercial real estate. Bradford Allen is the brand name of Bradford Allen Realty Services.

 

Q3/22 Downtown Chicago Market Report

Published October 7, 2022

Bradford Allen is pleased to share with you our latest office market report.

This quarter in the downtown office market:

  • Absorption levels turned positive for the first time this year at 221,780 s.f. for Q3
  • Direct vacancy remained relatively unchanged at 18.3%
  • The gross asking rate for the market is $43.94 p.s.f.
  • Sublet availability remained steady at 4.3%

 

CRE Office Pulse 006: Chicago Office Supply Growth Screeches to a Halt

Published July 28, 2022

In Chicago’s CBD, new office construction has come to a screeching halt, only a couple years after hitting record highs. And even as the effects of the pandemic dissipate, new development continues slowing. What’s behind this deceleration in supply growth? We identify four primary factors weighing on the office construction market and discuss long-run implications for the CBD.

Read on to find out more

 

Mid-Year 2022 Chicago Suburbs Office Market Report

Published July 14, 2022

Bradford Allen is pleased to share with you our latest office market report.

This half in the suburban office market:

  • Absorption levels improved but remained negative at -350,000 s.f. for Q2
  • Direct vacancy increased to 28.6%
  • The gross asking rate for the market is $25.42 p.s.f.
  • Sublet availability remained steady at 4.3%

 

Q2/22 Downtown Chicago Office Market Report

Published July 14, 2022

Bradford Allen is pleased to share with you our latest office market report.

This quarter in the downtown office market:

  • Absorption levels improved but remained negative at -300,000 s.f. for Q2
  • Direct vacancy increased to 18.4%
  • The gross asking rate for the market is $42.87 p.s.f.
  • Sublet availability slightly increased from 3.9% in Q1 to 4.1% in Q2

 

Q1/22 Downtown Chicago Office Market Report

Published April 19, 2022

Bradford Allen is pleased to share with you our latest office market reports.
Chicago’s downtown office market remained dynamic amid distress in Q1/22 as the flight-to-quality trend continued. With a direct vacancy rate above 18%, rising sublet availability, high-profile properties in distress and ample new deliveries, tenants are finding enticing concessions. Digging beneath the headline statistics, we note:

  • The direct vacant and available rate was slightly lower (14.9%) than last quarter (15.2%).
  • Net absorption turned negative after a positive Q4/21, but demand is robust for Class A space in red-hot submarkets
  • Sublet availability is skewed toward Class B buildings.
  • Class B buildings comprise the majority of properties with troubled loans.

 


 

BA Assists American Blues Theater in Purchase of Near Northwest Property

Published April 12, 2022

CHICAGO, IL — Jeffrey A. Bernstein and Laurence B. Elbaum are pleased to announce that Managing Director Jonathan Seeley successfully assisted American Blues Theater with the purchase of their new location at 5627 N. Lincoln Avenue after vacating their former home at 4809 N. Ravenswood Avenue. Previous ownership was represented in the transaction by Mark Kishtow and Mark Jones of Jameson Commercial Real Estate.

Built in 1985, the 10,844-square-foot property sits on an 18,000-square-foot lot in a densely populated section of Chicago’s Near Northwest neighborhood. The all-masonry construction features a single-story open floorplan with 12-foot clear height, essential for accommodating the theater’s performances. Additionally, the property offers an attractive 168 feet of frontage along Lincoln Avenue, a main traffic artery serving the Lincoln Square and Andersonville neighborhoods.

“After performing a full search of the market to determine alternate options, it was clear that 5627 N. Lincoln was the best fit for the unique use case of American Blues Theater. We pursued the purchase of the building with earnest and closed within 90 days of going under contract,” said Seeley.

Winner of American Theatre Wing’s prestigious National Theatre Company Award, American Blues Theater is a premier arts organization exploring the American identity through the plays it produces and communities it serves. American Blues Theater follows three guiding values both on and off its stages–to be accessible, responsible, and true. Chicago’s second-oldest AEA Ensemble theater, the American Blues Theater and its artists have received 221 Joseph Jefferson Awards and nominations that celebrate excellence in Chicago theater and 40 Black Theater Alliance Awards.

About Bradford Allen
Bradford Allen is a national commercial real estate firm based in the heart of downtown Chicago. The company offers a full array of brokerage services and expertise to entrepreneurial, corporate, and not-for-profit clients. Services include strategy, marketing, and transaction execution for occupiers, investors, and owners of commercial real estate. Bradford Allen is the brand name of Bradford Allen Realty Services.

 

Over 38,000 SF Leased at Edens Corporate Center 6 Months After Purchase

Published April 5, 2022

CHICAGO, IL — Jeffrey A. Bernstein and Laurence B. Elbaum, Principals and Co-Founders of Bradford Allen, are pleased to announce that Senior Managing Director Joel Berger and Associate Jake Blesi have leased over 38,000 SF at Edens Corporate Center, 630 & 650 Dundee Road in Northbrook, IL, just six months after being named the exclusive leasing agent.

In addition to the prime location and best-in-class amenities, Berger attributes the robust leasing momentum to a dedicated focus on tenant needs, creative thinking, and deep knowledge of the North Suburban market.

“We have only represented Edens Corporate Center since the fall of 2021, and our goal was to be known as the nicest, most responsive, and most creative building in the market. Most of the I-94 North Suburban market is institutional landlords who are slow to respond to changing tenant needs and tend to think linearly. We listen, are highly responsive to tenants, and like to think creatively to find solutions. Our immediate success shows our approach works. There is certainly a tenant need in the area for responsive and dynamic landlords and landlords’ agents.”

Bradford Allen’s successful leasing program has meant growing economic opportunities and job creation for the North Suburban market. In addition to an 18,000-SF renewal for marketing firm Blue Chip Marketing Worldwide, and a 3,700-SF renewal for law firm Mason, Wenk & Berman, L.L.C., there were three new leases at the property: RHM Staffing Solutions, 7,800 SF; Velos Wealth Management, 2,600 SF; and Phase3 Capital Management, 3,500 SF. Additionally, existing tenant TriGran Investments, Inc., 2,800 SF, extended and expanded its lease.

About Bradford Allen
Bradford Allen is a national commercial real estate firm based in the heart of downtown Chicago. The company offers a full array of brokerage services and expertise to entrepreneurial, corporate, and not-for-profit clients. Services include strategy, marketing, and transaction execution for occupiers, investors, and owners of commercial real estate. Bradford Allen is the brand name of Bradford Allen Realty Services.