Author Archives: CBRE Chicago

CBRE Named Finalist Seven Times in NAIOP’s 2017 Chicago Awards for Excellence

NAIOP recently announced its 2017 Chicago Awards for Excellence finalists. We are proud to note that CBRE was named as a finalist seven times. Live voting will take place at the awards program on Thursday, November 16th. CBRE’s list of … Continue reading

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CBRE’s Neil Pendleton Addresses the Evolution of the Property Management Industry

CBRE’s Neil Pendleton, Managing Director of Asset Services in Chicago, recently spoke at the Illinois Real Estate Journal’s annual Property Management Conference in Oak Brook. Pendleton appeared on the headline panel, addressing the main trends and issues in property management … Continue reading

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Chicago Industrial Construction Increases, But Pre-Committed Space Very High

According to CBRE research, warehouse development across the country hit a new high in Q1 2017 with 167 million square-feet under construction. However, 43 percent of that space is pre-committed, also a new high. This demonstrates that user demand is … Continue reading

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Chicago Fourth in Nation for Fastest-Growing Office Occupancy Costs, Top 15 in the World, According to CBRE

Chicago (downtown) ranked in the top 50 for prime office occupancy costs in the world, and, came in fourth for the largest 12-month increase in the nation, according to CBRE Research’s latest annual Global Prime Office Occupancy Costs report. With … Continue reading

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As Retail Anchor Space in Chicago Hits a New High, Rents Climb

Available retail anchor space in the Chicago area is at a record high, according to CBRE’s 2017 Retail Anchor Report. Yet as more space is available, much of the new space hitting the market is quality Class A space, which … Continue reading

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CBRE Extends Partnership with World Champion Chicago Cubs

CBRE has extended its partnership with the World Champion Chicago Cubs for the 2017 season and will once again host the annual CBRE Charity Bash at Wrigley Field this July, with numerous Cubs players and celebrities attending. CBRE will also … Continue reading

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Chicago Ranks Fourth in U.S. for Amount of New Warehouse Construction Since 2010

The rapid growth of e-commerce fulfillment networks in recent years has resulted in a steady increase in the height and volume of warehouses and distribution centers, likely necessitating a shift to three-dimensional measurement of industrial space, according to a new … Continue reading

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