DOCSLIB.ORG

2145 W Grand Avenue 68,000 Sf Available for Chicago, Illinois Sale

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
2145 W Grand Avenue 68,000 Sf Available for Chicago, Illinois Sale 2145 W GRAND AVENUE 68,000 SF AVAILABLE FOR CHICAGO, ILLINOIS SALE Building Size 68,000 SF (2-story) Site Size 0.73 acres (31,798 SF) Additional Land Site 0.22 acres (9,450 SF) Ceiling Height 15’0” 2 interior docks/2 drive in Loading doors Parking 9,450 SF landsite Zoning C3-2 26th Ward/Alderman Ward Roberto Maldonado 2017 Taxes $43,068 ($0.63/PSF) Asking Sale Price Subject to offer Property Highlights Excellent location in Chicago’s Kinzie Corridor Great visibility directly on Grand Avenue Clean and well-maintained building Surrounded by multiple public transportation options including Ashland Ave Green and Pink Line CTA stops, Metra Western Ave stop and bus stops 2 miles to I-90/94, 2.5 miles to I-290 & 2.9 miles to Downtown Chicago MATT COWIE COLIN GREEN LARRY GOLDWASSER, SIOR 225 West Wacker Drive Director Senior Director Executive Director Suite 3000 312 470 1872 312 470 2322 312 470 2323 Chicago, Illinois [email protected] [email protected] [email protected] cushmanwakefield.com Cushman & Wakefield Copyright 2019. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question. 2145 W GRAND AVENUE CHICAGO, ILLINOIS Cushman & Wakefield Copyright 2019. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question. 2145 W GRAND AVENUE CHICAGO, ILLINOIS Cushman & Wakefield Copyright 2019. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question. 2145 W GRAND AVENUE CHICAGO, ILLINOIS N W GRAND AVENUE 68,000 SF BUILDING ON 0.73 ACRES 9,450 SF LAND SITE W HUBBARD STREET Cushman & Wakefield Copyright 2019. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question. 2145 W GRAND AVENUE CHICAGO, ILLINOIS N W GRAND AVE W HUBBARD ST WESTERN AVE METRA STOP W LAKE ST ASHLAND & LAKE FUTURE DAMEN AVE GREEN & PINK LINE STOP CTA STOP (opening in 2020) N WESTERN AVE N WESTERN S ASHLAND AVE S ASHLAND 12 MINUTES TO CHICAGO’S LOOP Cushman & Wakefield Copyright 2019. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question..
Load more

Recommended publications
  • 333 North Michigan Buildi·N·G- 333 N
    PRELIMINARY STAFF SUfv1MARY OF INFORMATION 333 North Michigan Buildi·n·g- 333 N. Michigan Avenue Submitted to the Conwnission on Chicago Landmarks in June 1986. Rec:ornmended to the City Council on April I, 1987. CITY OF CHICAGO Richard M. Daley, Mayor Department of Planning and Development J.F. Boyle, Jr., Commissioner 333 NORTH MICIDGAN BUILDING 333 N. Michigan Ave. (1928; Holabird & Roche/Holabird & Root) The 333 NORTH MICHIGAN BUILDING is one of the city's most outstanding Art Deco-style skyscrapers. It is one of four buildings surrounding the Michigan A venue Bridge that defines one of the city' s-and nation' s-finest urban spaces. The building's base is sheathed in polished granite, in shades of black and purple. Its upper stories, which are set back in dramatic fashion to correspond to the city's 1923 zoning ordinance, are clad in buff-colored limestone and dark terra cotta. The building's prominence is heightened by its unique site. Due to the jog of Michigan Avenue at the bridge, the building is visible the length of North Michigan Avenue, appearing to be located in the center of the street. ABOVE: The 333 North Michigan Building was one of the first skyscrapers to take advantage of the city's 1923 zoning ordinance, which encouraged the construction of buildings with setback towers. This photograph was taken from the cupola of the London Guarantee Building. COVER: A 1933 illustration, looking south on Michigan Avenue. At left: the 333 North Michigan Building; at right the Wrigley Building. 333 NORTH MICHIGAN BUILDING 333 North Michigan Avenue Architect: Holabird and Roche/Holabird and Root Date of Construction: 1928 0e- ~ 1QQ 2 00 Cft T Dramatically sited where Michigan Avenue crosses the Chicago River are four build­ ings that collectively illustrate the profound stylistic changes that occurred in American architecture during the decade of the 1920s.
    [Show full text]
  • Directions to the Chicago Office
    Directions to the Chicago Office 70 W. Madison St. Suite 3100 Chicago, IL 60602 P: +1: 312.372.1121 Nearby Subways: CTA Blue train – exit at Dearborn & Monroe CTA Red train – exit at Monroe & State street CTA Green, Brown, Orange, Pink, Purple trains – exit Madison & Wabash Metra Electric, South Shore trains – exit at Millennium Station Metra Rock Island Train – exit at LaSalle street station Metra South West, Heritage Corridor, BNSF , Milwaukee West, North, North Central trains – exit at Union Station Metra Union Pacific North, Union Pacific West, Union Pacific NW trains – exit at Ogilvie Station Nearby Buses: CTA 14 Jeffrey Express, 19 United Center Express, 20 Madison, 20x Washington/Madison Express – stops in front of the building on Madison CTA 22 Clark, 24 Wentworth, 129 West Loop/South Loop ‐ stops on the corner of Clark and Madison CTA 22 Clark, 24 Wentworth, 36 Broadway, 52 Archer, 129 West Loop/South Loop‐ stops on the corner of Dearborn and Madison From O’Hare Airport – • Take I‐190 E ramp • Continue onto I‐90E (Kennedy expressway) for 13.6 miles • Exit 51H‐I (I‐290W, Eishenhower expressway) • Take exit 51I (Congress Pkwy, Chicago Loop) on the left • Continue onto W. Congress Pkwy • Take Wacker Drive (Franklin Street) exit on the right • Take Wacker Drive ramp on the left • Continue onto S Upper Wacker Drive • Turn right onto W. Monroe Street • Turn left onto S. Dearborn Street • Turn left onto W. Madison Street From Midway Airport – • Go south on IL‐50 S (S. Cicero Av) • Make a U‐turn onto IL‐50 N (S.
    [Show full text]
  • Highway Plan Cook County
    HIGHWAY PLAN FOR COOK COUNTY t e;: ,,., ~e.=, ~:: T ' <. J T - ._ ,... ' I: - I :: • k.. -:. - - <" ,. ' I \.. ' ,_, ~ J (.1~· ,, J) l' \.,i DETAILED STUDY OF H ·I G H W AV PL A N FOR COOK COUNTY PREPARED FOR THE BOARD OF COMMISSIONERS OF THE COUNTY OF COOK BY THE COOK COUNTY HIGHWAY DEPARTMENT GEORGE A. QUINLAN SUPERINTENDENT OF COUNTY HIGHWAYS CHICAGO, ILLINOIS AUGUST, 1940 A STUDY OF THE SUPERHIGHWAY FINANCING BY COOK COUNTY ON A PAY AS YOU GO PLAN l l \ [ 3 ] The undertaking of the construction of that portion of the Superhighway System within the""Central Business District of Chicago by Cook County on a pay as you go basis would require the allocation of approximately 43% of its anticipated highway funds for the next 20 years. The construction of the several units of the system by the County would require a programming of the work in a manner similar to the following: Estimated Cost Unit in Millions Year No. Improvement of Dollars 1941 1 Tunnel Connection with Outer Drive-(Drive shore protection and place fill) . 5 1942 1 Tunnel Connection with Outer Drive-(Con- struct tunnels, pavements and landscaping) 3. 0 1943 2 Elm and Cedar Street tunnels-(Buy Right of Way) .8 1944 2 Elm and Cedar Street tunnels-(Construct Elm Street tuni;iel) 2. 9 1945 2 Elm and Cedar Street Tunnels-(Construct Cedar Street tunnel) 3 .0 1946 3 Northwest Superhighway-Sheffield to Division (Buy Right of Way and construct) 3.9 1947 4 Northwest Superhighway-Division to Chicago -(Buy Right of Way and construct) 1.
    [Show full text]
  • Greektown Reektown Greektown Little Italy The
    N Lakeview Ave W Fullerton Pkwy W Belden Ave N Lincoln t S ed A t v e W Webster Ave als N Lincoln Park West N Stockton Dr H N C N annon Dr W Dickens Ave N W Armitage Ave N C S t o c lar k t k S o n N L N Cleveland Ave t D t r ak S W Wisconsin St e S ed t hor als H N N Orchard St N Larrabee St e D r W Willow St W Eugenie St W North Ave North/Clybourn Sedgwick OLD TOWN CLYBOURN t Pkwy S e k r t a la CORRIDOR t N C N C N S N Dearborn Pkwy N Wells St lyb ourn A 32 ve W Division St Clark/ Division 1 Allerton Hotel (The) 24 E Elm St E Oak St Hyatt Regency McCormick Place GOLD 701 North Michigan Avenue 2233 South Martin Luther King t E Walton St 8 S COAST 2 Amalfi Hotel Chicago 25 ed 35 InterContinental Chicago t E Oak St 12 als John Hancock E Delaware Pl 45 16 20 West Kinzie Street 505 North Michigan Avenue H N Michigan Ave t t E Walton St S N Observatory S Dr t 44 E Delaware Pl 26 e S 3 t Chicago Marriott Downtown JW Marriott Chicago k alle E Chestnut St r a E Chestnut St S t la a Magnifi cent Mile 151 West Adams Street N L N Orleans N L N C N Dearborn Pwky N S 37 E Pearson St 540 North Michigan Avenue ak W Chicago Ave Chicago Chicago 30 27 e S Langham Chicago (The) t 4 hor Courtyard Chicago Downtown S W Superior St 28 31 e 330 North Wabash Avenue v O’Hare e D Magnifi cent Mile International W Huron St 1 165 East Ontario Street 28 Airport W Erie St r MileNorth, A Chicago Hotel N Franklin 20 21 43 W Ontario St 5 166 East Superior Street ichigan A Courtyard Chicago Downtown N M W Ohio St 4 7 ilw River North 29 22 N M Palmer House Hilton auk W Grand
    [Show full text]
  • 150 North Wacker Drive
    Click here to view a brief video featuring 150 North Wacker Drive EXECUTIVE SUMMARY Holliday Fenoglio Fowler, L.P. (“HFF”) Holliday Fenoglio Fowler, L.P. (“HFF”) is pleased to present the sale of the 100% fee simple interest in 150 North Wacker Drive (the “Property”) located in the heart of Chicago’s Central Business District’s (“CBD”) most desirable submarket, the West Loop. The 31-story office tower is located one block east of Chicago’s Ogilvie Transportation Center on Wacker Drive – the home to many of Chicago’s most prestigious firms. The Property, consisting of 246,613 rentable square feet (“RSF”), is currently 91.9% leased and offers a significant mark to market opportunity in a best-in-class location on Wacker Drive. The Property is easily accessible via three major highways and the Chicago Transit Authority’s (“CTA”) transit and bus system, yet is still located in one of the most walkable areas of the city. Given the extensive common area renovations and recent leasing momentum, 150 North Wacker is a truly unique investment opportunity to acquire a rare asset with a premier Wacker Drive address and significant upside potential. KEY PROPERTY STATISTICS Location: 150 North Wacker Submarket: West Loop Total Rentable Area: 246,613 RSF Stories: 31 Percent Leased: 91.9% Weighted Average Lease Term: 4.0 Years Date Completed/Renovated: 1970/2002/2015 Average Floor Plates: 9,300 RSF Finished Ceiling Height: 8'9'' Slab to Slab Ceiling Height: 11'8'' Architect: Joel R. Hillman Parking: 134 Parking Stalls; Valet facilitates up to 160 Vehicles Transit Score: 100 Walk Score: 98 2 EXECUTIVE SUMMARY INVESTMENT HIGHLIGHTS NO.
    [Show full text]
  • VILLAGE of OAK LAWN PLANNING & DEVELOPMENT COMMISSION Monday, September 17, 2018 Meeting Minutes #2018-11 I
    VILLAGE OF OAK LAWN PLANNING & DEVELOPMENT COMMISSION Monday, September 17, 2018 Meeting Minutes #2018-11 I. ROLL CALL: Meeting called to order at 7:30 p.m. A. Chairman: Rich Piazza B. Members: Bill Lundy (ABS) Tom Duhig Pina Paruta Matt Egan James Pembroke Hasan Kishta Rich Piazza William Kushnerik Vernon Zumhagen C. Staff: Jack Gallagher, Village Engineer / Director Kevin Casey, P&DC Attorney Kevin McGuinness, Village Planner Dee Adasiak, Recording Secretary II. PLEDGE OF ALLEGIANCE: The Pledge of Allegiance was led by Commissioner Piazza. III. APPROVAL OF PRIOR MEETING MINUTES: A motion was made by Commissioner Duhig to approve the Regular Meeting Minutes #2018-10 dated August 20, 2018. The motion was seconded by Commissioner Pembroke. Roll call: Kushnerik, yes; Kishta, abstain; Egan, abstain; Duhig, yes; Zumhagen, yes; Piazza, abstain; Pembroke, yes; Paruta, abstain. Motion to approve passes: 4-0-4. The Oath was administered by Chairman Piazza. IV. VARIATIONS: A.) Pet. #2018-26 – Request for Living Space above a Garage Variation at 5450 Edison Ave., Eduardo Vazquez, petitioner (returning) Mr. Gallagher explained that the petitioner withdrew his petition request. He added that the petitioner is in compliance with Building permits. A motion was made by Commissioner Zumhagen to discuss Pet. #2018-27, Pet. #2018-29, Pet. #2018-30, Pet. #2018-28 together and to open the Public Hearing. The motion was seconded by Commissioner Pembroke. Roll call: Paruta, yes; Pembroke, yes; Piazza, yes; Zumhagen, yes; Duhig, yes; Egan, aye; Kishta, aye; Kushnerik, yes. Motion passes. The Public Hearing opened at 7:35 p.m. Pet. #2018-27 – Request for Site Plan Approval, Landscape Setback and Stall Length Variations at 4031 W.
    [Show full text]
  • Washington Heights/ 95Th Street July 2016 Planning Priorities Report Table of Contents Section 1: Introduction
    Washington Heights/ 95th Street July 2016 Planning Priorities Report Table of Contents Section 1: Introduction ............................................................................................................................. 3 Planning Priorities Report ........................................................................................................................ 3 The planning process ............................................................................................................................ 3 Section 2: Regional Context .................................................................................................................... 5 Regional Setting.......................................................................................................................................... 5 History of Washington Heights ............................................................................................................... 7 Washington Heights/95th Street and GO TO 2040 ............................................................................... 11 Section 3: Capacity Building and Community Engagement ........................................................... 12 Community engagement activities ........................................................................................................ 12 Key themes ................................................................................................................................................ 13 Strengths ...................................................................................................................................................
    [Show full text]
  • Development Site for Sale 1034 W Madison Street Chicago, Illinois
    Development Site for Sale 1034 W Madison Street Chicago, Illinois 15,000 SF Site Ideal for Residential, Retail, Office or Mixed-Use Development W MADISON STREET Table Of Contents 03 Executive Summary 06 Property Description 11 Market Overview 13 Contact Information CUSHMAN & WAKEFIELD | 1034 W MADISON STREET, CHICAGO 2 Executive Summary The Offering Executive Summary The Offering PROPERTY SUMMARY Cushman & Wakefield of Illinois, Inc has been retained by Ownership as the exclusive advisors in the sale of 1034 W Madison Street in Chicago, Illinois. The offering consists of a 15,000 SF Address 1034 W Madison Street, Chicago redevelopment site that currently includes 4 building totaling approximately 12,500 SF. 1034 W Madison Street is located in Chicago’s West Loop neighborhood and offers immediate Site Size 15,000 SF access to highways and ample public transportation options. The property features excellent visibility with 155’ of frontage directly on W Madison Street and is currently zoned DX-3. Zoning DX-3 (potential for 4.0 FAR) OVERVIEW N CARPENTER STREET STREET CARPENTER N W MADISON STREET CUSHMAN & WAKEFIELD | 1034 W MADISON STREET, CHICAGO 4 The Offering Project Highlights Premium Location - Located in Chicago’s West Loop Neighborhood, 1034 W Madison Street sits in the 25th Ward represented by Alderman Byron Sigcho Lopez. As one of the fastest growing neighborhoods in Chicago, the West Loop has and continues to, welcome various residential and commercial developments to the area. Along with being one of the top entertainment and dining districts in the city, the West Loop caters to residential, office, and retail demands.
    [Show full text]
  • Chicago Restaurant List
    CHICAGO RESTAURANT LIST Dear Clients, Many of our clients, expert witnesses, and fellow attorneys live outside of the City of Chicago. In order to accommodate out-of-town visitors, we compiled a list of some of our favorite places to dine. The list covers a variety of cuisines at a range of price points. There are also several places to visit for an after-dinner cocktail. We hope you will find this list of recommendations helpful as you plan your trip to Chicago. Feel free to email us with any questions at [email protected] . Steven M. Levin and John J. Perconti Levin & Perconti Chicago Asian/Sushi Aja Steak Boka Lunch and Dinner Daily Dinner Daily 660 N State Street 1729 N Halsted St # 1 Chicago, IL 60654 Chicago, IL 60614-5537 (312) 202-6050 (312) 337-6070 www.ajasteak.com www.bokachicago.com Japonais Erie Café Lunch M-F, Dinner Daily Lunch and Dinner Daily 600 W Chicago Ave 536 W Erie St Chicago, IL 60610 Chicago, IL 60654 (312) 822-9600 (312) 266-2300 www.japonaischicago.com www.eriecafe.com Sunda Lux Bar Lunch M-F, Dinner Daily Lunch and Dinner Daily, Sat-Sun Brunch 110 W Illinois St 18 E Bellevue Pl Chicago, IL 60654 Chicago, IL 60611 (312) 644-0500 (312) 642-3400 www.sundachicago.com www.luxbar.com Sushi Samba MK Lunch and Dinner Daily, Sun Brunch Dinner Daily 504 North Wells Street 868 N Franklin St Chicago, IL Chicago, IL 60610 (312) 595-2300 (312) 482-9179 www.sushisamba.com www.mkchicago.com Sushi Wabi Naha Lunch M-F, Dinner Daily Lunch M-F, Dinner, Closed Sun 842 W Randolph St 500 N Clark St Chicago, IL 60607-2309
    [Show full text]
  • The Following Regulatory Actions Were Taken by Or Filed with the Illinois
    ILLINOIS DEPARTMENT OF FINANCIAL AND PROFESSIONAL REGULATION DIVISION OF BANKING BUREAU OF BANKS, TRUST COMPANIES AND SAVINGS INSTITUTIONS REGULATORY REPORT JB PRITZKER - Governor DEBORAH HAGAN - Secretary CHASSE REHWINKEL – Acting Director KERRI A. DOLL - Assistant Director REGULATORY REPORT FOR 6/1/2020 to 6/30/2020 The following regulatory actions were taken by or filed with the Illinois Department of Financial and Professional Regulation, Division of Banking, Bureau of Banks, Trust Companies and Savings Institutions during the above time period. The actions include those involving state chartered banks, foreign banking offices, corporate fiduciaries, foreign bank representative offices, state chartered savings banks and state chartered savings and loans. The Regulatory Report is published monthly by the Illinois Department of Financial and Professional Regulation, Division of Banking. Copies of this report are also available from our web site at www.idfpr.com Questions concerning the contents of this report may be addressed to the Corporate Activities Section at (217) 785-2900. APPLICATION FOR LICENSE TO OPERATE A FOREIGN BANK REPRESENTATIVE OFFICE Name of Institution/Address Office Address Date/Status Midwest BankCentre 920 Talon Drive 6/1/2020 - Received 2191 Lemay Ferry Road O'Fallon, Illinois 62269 6/12/2020 - Accepted St. Louis, MO 63125 6/18/2020 - Approval 6/18/2020 - Effective Texana Bank, National Association 632 Potter Street 6/29/2020 - Received 124 Rush Street Wood Dale, Illinois 60191 P.O. Box 546 Linden, TX 75563 CHANGE IN DIRECTOR OR SENIOR EXECTIVE OFFICER Name of Institution/Address Change Date/Status Anchor State Bank Michael Voinovich as Director 2/24/2020 - Received 246 2nd Street 6/23/2020 – Accepted Anchor, IL 61720-0008 CHANGE IN REGISTERED AGENT - FOREIGN BANKING CORPORATION Name of Institution/Address Date/Status Mizuho Bank, Ltd.
    [Show full text]
  • A Safe Haven 2750 W Roosevelt Rd Chicago, IL 60608 773.435.8386
    A Safe Haven Shedd Aquarium 5 2750 W Roosevelt Rd 1 1200 S. Lake Shore Dr. Chicago, IL 60608 Chicago, IL 60605 773.435.8386 – volunteer coordinator 312.939.2438 [email protected] www.sheddaquarium.org/volunteering www.asafehaven.org Contact: Todd Maskel at A Safe Haven helps homeless people that are [email protected] in sudden or chronic social and financial crisis address the root causes of their problems and The Aquarium aims to engage, inspire we help them achieve sustainable self- entertain, and educate the public. In addition, suffiency. they promote conservation to protect the animals and their habitats. Help with public Abraham Lincoln Center Head Start 2 interpretation by interacting with museum 1354 W. 61 St. guests. Chicago, IL 60636 773.471.5100 Community Building Tutors (CBT) 6 www.abrahamlincolncentre.org 1314 S. Racine Ave Chicago, IL 60608 Contact: Rasalyn Lee one week in advance at 773.499.8715 [email protected] www.cbtutors.org After School Matters 3 Contact: Angel Diaz at [email protected] 66 E Randolph St Chicago, IL 60601 Community Building Tutors creates tutoring 312.768.5200 – volunteer contact opportunities that focuses on academic [email protected] improvement, character development, and increased community involvement. Help tutor After School Matters is a non-profit elementary students organization that offers Chicago high school teens innovative out-of-school activities Poder Learning Center 7 through Science, Sports, Tech, Words, and the 1637 S Allport nationally recognized Gallery programs. Chicago, IL 60608 312.262.2002 Adler Planetarium 4 www.poderlc.org 1300 S. Lake Shore Dr Contact: Cecilia Hernandez at Chicago, IL 60605 [email protected] 312.542.2411 http://www.adlerplanetarium.org/getinvolved/vo Poder Learning Center provides tuition-free lunteer English and technology classes to adult Contact: Maria Christus at immigrants so they can succeed.
    [Show full text]
  • DOWNTOWN CHICAGO Savills Research
    Q4 2020 MARKET IN MINUTES DOWNTOWN CHICAGO Savills Research Downtown Chicago slowdown persists; KEY STATISTICS y-o-y Q4 2019 Q4 2020 vaccine hopes have yet to spur leasing activity Change At the close of 2020, the Chicago region contended both with prolonged gloom and Inventory 142.2 MSF 145.4 MSF burgeoning optimism. While COVID-19 cases surged entering the winter months, Availability Rate 15.5% 20.1% newly approved vaccines finally began reaching frontline workers and vulnerable populations, providing hope for an eventual return to a new version of normalcy. Asking Rental Rate $41.28 $40.60 Still, remote work for most office-using employees appears likely to last until spring. Companies in downtown Chicago are either strategizing around their future office Class A Asking Rental Rate $46.97 $46.17 requirements or playing “wait-and-see” until 2021 or beyond. Overall leasing Quarterly Leasing Activity 2.8 MSF 0.5 MSF activity in 2020 was down considerably, falling 57.5% from 2019 by square feet (sf) transacted. The 5.5 million square feet (msf) leased this year marked the lowest annual tally on record for Downtown Chicago. ASKING RENT TRENDS Overall Asking Rent Class A Asking Rent Availability further balloons; options aplenty in West Loop as $60.00 sublease supply continues to increase $50.00 Availability continued to swell this quarter, rising by another 150 basis points to $46.17 close the year at 20.1%. In stark contrast, a year ago availability stood at a relatively $40.00 healthy 15.5%. More than half of all new available space this quarter was located $40.60 in the West Loop, where availability surged 250 basis points to 18.8%.
    [Show full text]