The news for the U.S. industrial market? It’s a bit of good and bad, according to Savills
The U.S. industrial market saw a dip in leasing activity and an increase in vacancy rates in the first quarter of 2024. But it also…
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Navigating the changing tides: Insights into the downtown Chicago office market
Spanning 15 stories and approximately 87,873 square feet, 609 Randolph epitomizes the need for adaptability in contemporary downtown Chicago office development. This innovative boutique building…
Savills names CRE veteran as co-president of Texas region
Savills appointed Cally Miltenberger as co-president for its Texas region. Miltenberger is an accomplished commercial real estate executive with deep roots in the Dallas Fort-Worth…
Back to normal? Savills report charts falling demand, rising vacancy rates in Chicago industrial market
A drop in demand. A slowdown in leasing activity. And higher vacancy rates. That sounds like bad news for the Chicago industrial market. But in…
It’s all in the numbers: An analysis of the current industrial market, with insights from Savills and JLL
As the market persists in its cyclical ebb and flow, change is unavoidable. But while navigating this evolution comes with a degree of uncertainty, it…
A resurgence for downtown office: Q3 lease transaction volumes reach second-highest point since start of COVID-19
Despite some negative headlines, Downtown Chicago’s office market has displayed an impressive resilience since the pandemic. Based on recent data by Savills, Q3 2023 marked…
Savills relocates McCormick Theological Seminary to new home in Hyde Park
Savills represented the McCormick Theological Seminary in its campus relocation to the Catholic Theological Union building. McCormick will move later this year to a nearly…
Lockton expands office space and extends commitment at 500 West Monroe
Savills executed a new real estate plan for the Chicago location of Lockton, the world’s largest independent insurance brokerage. The firm will extend its lease…
Savills Chicago adds Brian Czarnecki to industrial tenant representation roster
Savills announced that Brian Czarnecki has joined the Chicago office as managing director. Czarnecki brings over a decade of industry experience to the firm and…
Q2 Debrief: For industrial users, it’s still a landlord’s market…but for just how much longer?
Leasing activity experienced a notable decline of 48% compared to the previous year, hinting at what may be the start of a shift in the…