Tag Archives: Class A

Where to snag Class A space at a $20 PSF discount

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Class A

On the heels of Black Friday and Cyber Monday, we’re here with an office space discount you have to see to believe. In the last five years, the gap between top-tier downtown and suburban space has dramatically widened, creating interesting opportunities for occupiers looking for luxury.

Since 2012, Class A rents have increased just 7.4 percent in the suburbs, compared with more than 27 percent downtown. For even the smallest tenants, this represents six-figure savings that could be reallocated to other business priorities, from talent retention to technology upgrades.… Read More

Cracking the code: Find your tech talent in Chicago

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Looking to snag a computer programmer on sale? Chicago should be your startup’s tried and true market of choice, given its status as the rare, affordable, large urban market.

“Competition for tech talent, as well as good plug-and-play tech spaces, is fierce,” said Jesse Van Dyke, Managing Director and co-lead of JLL Chicago’s Technology Practice Group.

tech talent

Concentration of employees working in the computer field

The market’s tech ecosystem can be the best indicator of potential job growth and industry stability. Consider planting your tech flag in Chicago, a great location at a great price:… Read More

Oh beautiful, for spacious offices: Expanding leases speak to market strength

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Here’s some exciting office market news before your July 4th long weekend. Both the Chicago CBD and suburbs finished Q2 with a flurry of deals. In fact, since Q3 2014, more than 60 percent of 20,000-plus square-foot leases in both submarkets have been expansions.
CBDandSuburbsExpansions
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Tech users clamoring for Class B space

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222-S-Riverside-Plaza_lowrez

222 South Riverside Plaza

While Silicon Valley’s offices may be shiny, new and futuristic, tech firms in other parts of the country like Chicago are opting for older, more affordable and highly customizable Class B space.

“We’re seeing the most significant demand in the market from the tech sector right now,” JLL Senior Vice President of Agency Leasing Nikki Kern told CNBC. “We definitely are seeing a big push for Class B space from tech users.”

What’s the attraction?… Read More