Author Archives: ChicagoCommunications

Chicago Absorbs Record Amount of Data Center Space in 2016

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

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Six Retail Trends Landlords Should Expect in 2017

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

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Video: Top Nonprofit Real Estate Trends

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PJM Oversees Restoration of Union Station’s Great Hall Staircase

CBRE’s Project Management Group (PJM), in partnership with Clune Construction, recently completed the restoration of Union Station’s iconic Great Hall Staircase in Chicago. After 90 years of foot traffic, the famous Travertine stairs had begun to realize “cupping” and other … Continue reading

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2017 Expected To Be Another Big Year for Chicago CRE

CBRE’s Drew Nieman spoke recently at The Illinois Real Estate Journal’s 15th Annual Commercial Real Estate Forecast in Chicago.  Nieman addressed the crowd of 700 on the State of the Chicago Market panel. He specifically highlighted the strength of the … Continue reading

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New Workplace Strategies Result in 80% of Large Chicago Law Firms Downsizing in Past Two Years

According to a new report from CBRE Research, large law firms in Chicago, those occupying 75,000 square feet or more, continue to downsize space, with 80 percent shrinking their office footprints in the last two years. Currently, the average square … Continue reading

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CBRE Recognized with Three NAIOP Awards for Excellence

  We are proud to announce that three CBRE projects were recognized at The 2016 NAIOP Chicago Awards for Excellence. Congratulations to the brokers below for being recognized by their peers for outstanding deals in 2016. Winners: Broker Transaction of … Continue reading

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