The last sector of commercial real estate to recover from the pandemic has been the office sector. With remote working on the rise, suburban Chicago office buildings have seen a decrease in absorption…until recently. In a new report, “transaction velocity for Chicago-area office properties during the 12 months up to April 2022 surpassed the number of trades recorded in 2019 before the pandemic hit,” according to Bisnow. What does this mean?
Well, not only are investors interested in Chicagoland office buildings due to the increased demand, it also means we may see an increase in rental rates in the future. Now is the time to take advantage of optimal rental rates! In fact, at our Poplar Creek listing in Hoffman Estates, we’re offering one of
- 12.50 Gross PSF on as built space only
- $15.00 Gross PSF for built out space (including $5 per each year of term for tenant improvements!)