Brick-And-Mortar Retail Outlook Remains Positive
With the increase in consumer’s desire for e-commerce and the decline of some legacy retailer, many have predicted a retail apocalypse stating that brick-and-mortar stores will eventually be phased out. But the reality is that while people enjoy shopping online, the general belief is that people still have a strong preference to go out and […]
New Concept Stores Are Taking Vacant Retail Spaces
Although online shopping continues to grow, a variety of retailers are seeking out shopping center space formerly occupied by departing brands. That includes both new concepts and variations of tried-and-true stores. The trend is that even as some brands collapse, other retailers are jumping to fill the void because consumers still want to shop Below […]
Medici Co-Living Group Reveals QUARTERS in Chicago
A sneak peek of the terrace view of Chicago’s skyline from the new Quarters building at Fulton Market District fCaton Commercial brokers attended a pre-opening event for Berlin-based Medici Co-Living Group in preparation for the grand opening of their first Midwest-based co-living concept called QUARTERS in late May 2018. The newest building is located at 171 Aberdeen in Chicago’s […]
Chicago Industrial Market Grows According To 2018 Report
The growth trend in industrial real estate that was happening in 2017 in certain Chicago submarkets continues to be strong in 2018. The submarkets like O’Hare and Central DuPage continue to set record low vacancy rates while other submarkets along the I-80 and I-55 corridors remain extremely attractive as well. Below is an article from rejournals.com that […]
Why Chicago Made The Final Cut For Amazon HQ2
After receiving 238 proposals, Amazon has narrowed its search for HQ2 locations to a list of 20. This is exciting news as Chicago has made the list. Since most of the locations are in the east half of the United States and with 3 distribution centers in the Chicagoland area, there is optimism that they […]
How Real Estate Trends Will Impact The United States In 2018
In 2018, Commercial Real Estate (CRE) stands to be impacted by several emerging trends. Some of these factors include increased regulatory costs, others relate to technological advances and space-sharing in commercial business and co-living models. Additionally, disruptions to traditional CRE management styles will arise from collaboration and information sharing, coupled with new modes of transportation, […]
New Construction Will Impact Another Round Of Chicago Office Moves
During the first half of 2017 Chicago has seen an increase of almost 7000 employees in the downtown area. Most of this is due to an influx of companies from suburban Chicago and the expansion of the tech sector. Additionally, as the amount of available space decreases the rent is trending upwards. Below is an […]
Amazon Opening Third Chicago-Area Warehouse In Romeoville
As consumers desire short delivery times for their goods, the need for suppliers to open additional fulfillment centers increases. Warehouse space needs to be strategically located to meet these needs. Below is an article below from chicagotribune.com that includes the details of the 3rd Amazon fulfillment center in the Chicagoland area. After you read the […]