Author Archives: CBRE Chicago

Downtown Chicago Office Activity Remains Strong As New Product Comes on Line

The state of the Chicago office market remains strong and 2018 should be another solid year, according to CBRE’s Drew Nieman, who recently spoke at the Illinois Real Estate Journal’s 16th Annual Real Estate Forecast Through 2015, the Chicago market … Continue reading

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Warehouse Construction Surge Lifts Industrial-Land Prices By 16 Percent in Chicago Market

The e-commerce-fueled surge in development of warehouses and distribution centers has generated double-digit, year-over-year percentage increases in prices for industrial land in major markets, with Chicago recording a 16 percent price increase, according to a new report from CBRE. CBRE … Continue reading

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Chicago Warehouse Size Increases 134% from 2012-2017

In a recent study, CBRE reports that e-commerce has driven a more than doubling of the average footprint of warehouses built in the U.S. since the early 2000s. CBRE analyzed the average size of warehouses built in the U.S. during … Continue reading

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CBRE Chicago Wins Three NAIOP Awards for Excellence

We are proud to announce that CBRE recently received three 2017 NAIOP Chicago Awards for Excellence – more than any other Chicago commercial real estate firm. Congratulations to the brokers below for being recognized by their peers for outstanding deals … Continue reading

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Law Firms Taking Less Space in Chicago, with 65% of Transactions Listed as Contractions Since Start of 2016

Law firms are adjusting their real estate strategies in response to advances in technology, shifting client demand, aging workforces and intense competition to attract and retain skilled talent, according to a new report from CBRE. In Chicago, 65 percent of … Continue reading

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Chicago Ranked World’s Seventh Largest Real Estate Investment Market

According to a recent CBRE report, Chicago ranks as the seventh largest real estate investment market in the world, with a value of $300 billion. Tokyo, New York and Los Angeles are the world’s largest commercial real estate investment markets, … Continue reading

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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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