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Experienced ‘Metroburb’ developer enters Chicago with transformative plans for former AT&T campus/929/chicago-5-21-18-att-transformation<img alt="" src="/united-states/en-us/PublishingImages/Snapshots/abstract-geometric-texture-background.jpg?RenditionID=6" style="BORDER:0px solid;" />/united-states/en-us/research/snapshots/929/chicago-5-21-18-att-transformationExperienced ‘Metroburb’ developer enters Chicago with transformative plans for former AT&T campusSomerset Development, an East Coast developer, is in negotiations purchase the former AT&T Campus in Hoffman Estates, vacant 1.6 million square-feet multi-complex prime for redevelopment.
A new normal for TI encourages relocations and continued urban migration as prices rise/831/chicago-4-9-18-ti-encuraging-relocations<img alt="" src="/united-states/en-us/PublishingImages/Snapshots/interior-office-cubes-empty.png?RenditionID=6" style="BORDER:0px solid;" />/united-states/en-us/research/snapshots/831/chicago-4-9-18-ti-encuraging-relocationsA new normal for TI encourages relocations and continued urban migration as prices riseTenant improvement allowances (“TI” or “TIA”) do appear to be increasing at an accelerated rate in the Chicago CBD market.
Suburbs storing while downtown exploring other use?/591/chicago-1-16-18-storage-other-use<img alt="" src="/united-states/en-us/PublishingImages/Snapshots/self-storage-bays.jpg?RenditionID=6" style="BORDER:0px solid;" />/united-states/en-us/research/snapshots/591/chicago-1-16-18-storage-other-useSuburbs storing while downtown exploring other use?​U.S. self storage facilities from 1997 to 2017 grew 130.0 percent with steady annual growth for the past five years of 7.0 percent.
Suburbs hit the sweet spot in affordability/512/chicago-12-4-17-affordability-sweet-spot<img alt="" src="/united-states/en-us/PublishingImages/Snapshots/building-modern-office-trees-sky.jpg?RenditionID=6" style="BORDER:0px solid;" />/united-states/en-us/research/snapshots/512/chicago-12-4-17-affordability-sweet-spotSuburbs hit the sweet spot in affordability​Suburban submarkets in close proximity to downtown and public transit access will remain more competitive.
Attn: Downtown tenants and landlords, Mind the skew/497/chicago-11-27-17-attention-tenants-and-landlords<img alt="" src="/united-states/en-us/PublishingImages/Snapshots/abstract-textured-wall-building.jpg?RenditionID=6" style="BORDER:0px solid;" />/united-states/en-us/research/snapshots/497/chicago-11-27-17-attention-tenants-and-landlordsAttn: Downtown tenants and landlords, Mind the skewDirect gross asking rental rates in Downtown Chicago exhibit a right-skewed distribution and a median of $36.00.
Chicago leads primary markets in historic preservation/476/chicago-downtown-11-13-17-historic-preservation<img alt="" src="/united-states/en-us/PublishingImages/Snapshots/residential-windows-and-balconies-jll.jpg?RenditionID=6" style="BORDER:0px solid;" />/united-states/en-us/research/snapshots/476/chicago-downtown-11-13-17-historic-preservationChicago leads primary markets in historic preservation​The Trump administration’s new tax plan threatens to remove the Federal Historic Preservation Tax Credits program to curb spending.