Given the current financial crisis Illinois is now facing, it should come as no surprise that Governor Rauner is looking for ways to liquidate inefficient and income-draining assets. One of the most obvious targets is the Thompson Center located at 100 W. Randolph. This 17-story open concept building was opened in 1985 at more than […]
Archive | Office Appraisal
Four Things That are Affecting the Chicago Office Market
Last week I discussed the current Chicago Office market. In the suburbs there is a fair amount of slow-moving inventory. But the city has strong demand for office space. Why is that? Are companies fleeing the suburbs for the city? Or maybe fleeing the state? Perhaps that is part of the reason. But I don’t […]
The State of the Chicago Area Office Market
Being involved in the commercial real estate business, people often ask me, “How is the market?” Of course the inevitable response is “That depends”. Each market segment has characteristics, which react to internal and external economic stimuli in different ways. In this article we will look at the office market in the broadly defined East/West […]