Author Archives: ChicagoCommunications
Blackstone and Equity Office’s $500M Willis Tower Transformation cements commitment to Retail Construction and Chicago
Retail in Chicago, especially high-street retail, has performed very well in recent years. While rents have increased steadily, major new retail construction in the central business district has been limited. That is all changing with a massive $500 million investment … Continue reading
As the rental market continues to perform well in Chicago, investors and owners are looking for alternative ways to enter the market and the latest answer has been condo deconversions. Already, Chicago has seen several marquee deals, with the largest … Continue reading
CBRE’s Workplace360 office in Oak Brook is only a few months away from completion. This will transform how our firm does business in the suburbs. Check out the progress.
With a slew of new office projects in development and dozens in the planning stage, Chicago’s office market is evolving.
Chicago has become a top three market in the U.S. for data center absorption thanks to its central location and its prominence as a critical hub network, according to a new report from CBRE Group, Inc. Net absorption totaled 36.2 … Continue reading
The retail market posted another strong year in 2016. According to CBRE research, the U.S. has experienced 12 consecutive quarters of positive year-over-year rent growth. Net asking rents averaged $16.59 per sf. ft. nationally in Q4 – up 4 percent … Continue reading