Monthly Archives: May 2015

PHOTO TOUR: UI LABS grand opening

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JLL joined Chicago’s technology, business and civic leaders last week at the grand opening of UI LABS, a first-of-its-kind research and development facility in Chicago advancing high-tech commercial innovation.

The collaborative, which brings together universities, industry and government organizations, is focused on innovation that drives economic impact, like its first venture, the Digital Manufacturing and Design Innovation Institute (DMDII). View our photo gallery belowRead More

Tech, suburban migration fuel Chicago CBD office growth

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The downtown office market saw measured growth in the first quarter of 2015, with vacancy down to 12.7 percent and rent up 4.7 percent. But those numbers alone don’t tell the full story.

“The tech boom and suburban migration are not new phenomena, but both classes of tenants continue to drive leasing momentum,” said JLL Senior Vice President Nooshin Felsenthal. “It all comes back to job growth and companies’ desire to attract top-tier talent.”

Merchandise_Mart

Photo credit: Steve Geer

Here are seven secrets behind downtown’s rising office market and its potential for landlord leverage:… Read More