With vacancy rates having fallen during five of the past six quarters, office leasing momentum is building (slowly) in the suburbs. But tenants still have the upper hand — and will for some time — JLL’s Eric Kunkel tells Crain’s Chicago Business:
“Landlords are realizing they’ve got to keep these guys. It’s too hard to find new tenants, and it’s expensive and time-consuming. We’re seeing some great deals on renewals because of that.”
You can read the full Crain’s story here.