Chicago’s vacancy rate is nearing 30%. Chicago landlords, like most landlords in the U.S., are not recognizing the significant increases in vacancy and businesses’ objectives to occupy less space. Despite record vacancy rates in office buildings, asking rates remain unchanged from record highs in 2019.
This situation presents an ideal opportunity for cost reduction for businesses regardless of how much term is left on the lease. Vestian specializes in building out new plans for real estate that combat Landlord’s reluctance to acknowledge market conditions.
Our approach is an unwavering commitment to create leverage for your tenancy and to reduce cost through a creative and unconflicted advisory - regardless of when your lease expires. Our local experts are Chicago natives who understand the market and strive to get you the most advantageous deal terms, here and nationally.
Chicago Market Research