Posts Tagged: office
- By Guzel Lubinski
- September 21, 2022
- 0
- Closed Deals
1155 N Main St, Glendale Heights, IL – Office Sale Lease-Back
We are pleased to announce that Golden Group Real Estate facilitated the sale of a 42%-occupied turn-key medical/office building located at 1155 N Main St, Glendale Heights, IL. The buyer secured a long-term lease with the seller in this sale lease-back opportunity. The property offered the new owner a stable return while providing an opportunity to [...]
- By Guzel Lubinski
- September 21, 2022
- 0
- Closed Deals
1780 Maple St, Northfield, IL – Multi-Tenant Office Investment
Golden Group Real Estate represented the Seller and the Buyer in the sale of a 71%-occupied office building located in the affluent suburb north of Chicago at 1780 Maple St, Northfield, IL. The property was purchased by a user owner and investor. The property offered a new owner an excellent opportunity to acquire an income-producing [...]
- By Guzel Lubinski
- September 7, 2021
- 0
- Market Updates
September 2021 Market Update
There is no end in sight for the post-COVID industrial real estate boom. Chicagoland industrial vacancy fell to 6.2% in Q2, as tenants leased more than 15 million SF - the most ever in a single quarter. Net absorption and new construction have also surpassed all previous market records. Nationally, the average asking price for [...]
- By Guzel Lubinski
- August 9, 2021
- 0
- Market Updates
August 2021 Market Update
Chicago's industrial market is hot, primarily due to the exponential growth of e-commerce. Over 28 million SF of space has been filled over the past year alone, a historical high. Market rents increased nearly 6% year over year. Average industrial values in Chicago rose to $80/SF, an annual increase of more than 6%. The apartment [...]
- By guzelka1
- July 18, 2021
- 0
- Market Updates
July 2021 Market Update
Office leasing is still at 70% of pre-pandemic levels; demand should recover in early 2022. The total number of leases signed is now close to pre-pandemic levels, but fewer tenants are leasing large blocks of space. Chicago saw a reduction in office sublease space in the second quarter. Office investment activity is about half of […]
- By guzelka1
- June 7, 2021
- 0
- Market Updates
June 2021 Market Update
Demand for office space in Chicago has increased by 150% since the beginning of the year, but demand is still 20% below its 2018-2019 average. One in four are back to working at the office in Chicagoland; one in three are now working from the office nationally. Office space available for sublease has roughly doubled […]
- By guzelka1
- May 11, 2021
- 0
- Market Updates
May 2021 Market Update
Most CEOs report that their employees will return to the office by fall 2021. But the increased pace of vaccinations has not yet led to a meaningful return to regular office usage, with only 22.5% working at the office. That said, leading indicators in the last quarter suggest we will see a significant return to […]
Recent Posts
- 22900 S Center Rd, Frankfort, IL – Development Land
- Guzel Lubinski Recognized as a Top Performing Broker
- 15330-15350 Cicero Ave, Oak Forest, IL 60452 – Industrial Portfolio
- 3033 Ogden Ave, Lisle, IL – Multi-Tenant Medical Office Investment
- 206, 210-212 E Irving Park Rd, Wood Dale – 4-Building Retail Portfolio
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