Month: July 2015
Office Market Fundamentals Show Year-To-Date Improvement
Western Access O’Hare Opens New Ramps
Published by the Daily Herald, read original article here.
State and local transportation officials will be opening three much-anticipated ramps connecting Route 53 (westbound I-290) to Route 390 this weekend after a ribbon-cutting Friday. The ramps are part of the Elgin-O’Hare Expressway project to make O’Hare International Airport accessible from the western suburbs and to build a new tollway around the airport’s western flank. The completion of the full project is years away. Continue reading
Legislative Update: SB 398 – Happy Hour
Greatest Mid-Year Velocity in Seven Years
JLL’s Chicago Suburban Office Market Report
As vacancies have tightened across the suburbs, rental rates have been increasing. Year-over-year, Class A rental rates increased across all but one submarket at the same time that market wide vacancy rates decreased year-over-year. While North Lake County’s Class A rental rate did not increase year-over-year it did increase from last quarter rising by $1.57. This trend will continue as vacancy rates tighten further. This tightening will be supported by current tenants in the market looking for a combined 6.7 million square feet of space. Continue readingThe Jewel of the Western Suburbs – Glen Ellyn, Illinois
Small-town charm, civic pride, friendly people, and a premier school system are just some of the reasons businesses and residents choose Glen Ellyn, Illinois. Continue reading
Hub Group, Duchossois Building in Oak Brook
In Spring 2014, officials from Duchossois Real Estate LLC, announced the acquisition of four buildings in Oak Brook with the hopes of turning them into corporate office space. This comes on the heels of Hub Group’s announcement at the end of 2013 to move their headquarters into a new 130,000 square foot office building at York Road and 22nd Street in Oak Brook with a five-year lease.