Chicago commercial real estate news hub
Stay up to date on Chicago commercial real estate news from JLL. We publish information several times per week covering trends, events, new developments, recent transactions and more.
"The addition of IRR-Chicago completes the third significant and strategic acquisition JLL has made over the last several months to broaden JLL's global valuation and advisory services and more fully complement the broad platform of services we offer to commercial real estate investors," said John Gates, CEO, Markets, JLL Americas.
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Author: Ryan Emerick While much of the local spotlight has focused on the migration of large firms from the suburbs to the urban core, downtown is not the only thriving submarket. Strong tenant demand has also sparked a dwindling supply of office space in the O’Hare submarket. Vacancy rates near O’Hare have dropped from a
The post O’Hare submarket cleared for takeoff appeared first on JLL Chicago Blog | Commercial Real Estate.
Hundreds of industry leaders joined JLL Chicago last week to discuss Chicago 2025 and the city’s dynamic expansion. With 4,300 new hotel rooms planned, the lowest office vacancy in 16 years (10 percent), 4 million square feet of speculative industrial construction in the pipeline and 3 million square feet of office space headed to market,
The post Chicago 2025: Dynamic Expansion appeared first on JLL Chicago Blog | Commercial Real Estate.
Author: David Barnett, Research Analyst The Illinois General Assembly is back in session today to discuss Senate Bill 7, which would expand gambling in the state by permitting casinos to be built in Chicago, Danville, Rockford, Lake County, Cook County and Williamson County. What’s the scope? The bill is one of 13 in the latest budget
The post Illinois is betting on proposed budget package appeared first on JLL Chicago Blog | Commercial Real Estate.