The suburban Chicago office leasing market faced a mix of challenges and opportunities in Q3 2024. Despite some positive leasing activity, the overall market trends reflected ongoing structural challenges and shifting tenant preferences. Key Trends in Q3 2024: Outlook for…
As commercial vacancy rates continue to rise, landlords are encountering unprecedented challenges that are reshaping the landscape of real estate. Traditional leasing methodologies have remained stagnant for decades, leaving a significant gap for innovative solutions to address the evolving needs…
Leasing office space is a significant decision for any business, and for tenants unfamiliar with the process, it can feel overwhelming. Understanding the terminology and key considerations can help tenants make informed decisions that will benefit their business in the…
When searching for an office space to rent, tenants need to carefully analyze various factors to ensure the space aligns with their business needs and long-term goals. Choosing the right office not only impacts day-to-day operations but also influences employee…
The average time a tenant stays in an office space can vary widely depending on several factors such as lease terms, market conditions, and the tenant’s business needs. Generally, most office tenants remain in their space for about 3 to…
The average vacancy rate in commercial office spaces varies depending on location, market conditions, and the economic climate. In a strong market, vacancy rates tend to be lower, hovering between 5-10%. However, during economic downturns or periods of oversupply, vacancy…
Commercial lease auctions, where office space is put up for bidding, offer unique benefits to both tenants and landlords. These auctions can create a dynamic and competitive marketplace that drives better outcomes for both parties, blending traditional leasing processes with…
