Chicago

After consumer demand triggered warehouse/ distribution space needs to skyrocket, lease rates and vacancy have hit historic levels. Download the report to see how industrial sublease space has changed over the past 12 months.

Amazon made a big push to open warehouse facilities before and during the COVID-19 pandemic but has since pulled back on some of that expansion. In January, the company announced it would cut roughly 18,000 corporate and technology jobs.

Parkside Realty Inc. recently opened Fulton East, a 12-story, 90,000-square-foot office and retail building located at 215 N. Peoria St. in the heart of Chicago’s Fulton Market District. Its design addresses employee health, safety and wellness.

Will firms that had once been reluctant to allow employees to work from home be more amenable to the possibility after social distancing? Eric Nolin, Managing Principal in Cresa's Chicago office comments.

This is a fundamental question central to most real estate negotiations; however, the answer is not always easy to determine. The value of a tenant’s lease can vary depending on internal factors like the company’s credit and growth trajectory, and external market factors such as vacancy, absorption, asking rental rates and demographic trends – to name a few.

Cresa Chicago SVP Liz Roberts has been named a fellow with JCC Chicago Women inPower, a recently launched initiative to advance professional women in the workforce.