Rhea Stephenhttps://rheastephen.journoportfolio.comRSS Feed for Rhea StephenenMon, 22 Sep 2025 00:00:00 +0100Data Center Deals Propel Chicago’s Future Flex Space Move-Inshttps://www.costar.com/article/345486479/data-center-deals-propel-chicagos-future-flex-space-move-insData center developers have emerged as the likely commercial real estate cohort to buy an underperforming office property in Chicago with plans to repurpose the site as a new data center facility. y.Mon, 22 Sep 2025 00:00:00 +0100https://www.costar.com/article/345486479/data-center-deals-propel-chicagos-future-flex-space-move-insThat’s right, Chicago is on a building spree — and that should continuehttps://www.costar.com/article/201476026/thats-right-chicago-is-on-a-building-spree-and-that-should-continueWindy City construction pipeline is bursting with specialty projects. This news story is available exclusively to CoStar subscribers.Fri, 31 Jan 2025 00:00:00 +0000https://www.costar.com/article/201476026/thats-right-chicago-is-on-a-building-spree-and-that-should-continueWhat’s hot — and what’s not — about downtown Chicago’s office construction pipelinehttps://www.costar.com/article/765468927/whats-hot-and-whats-not-about-downtown-chicagos-office-construction-pipelineGetting down to the market’s brass tacks of tenant demand. This news story is available exclusively to CoStar subscribers.Fri, 31 Jan 2025 00:00:00 +0000https://www.costar.com/article/765468927/whats-hot-and-whats-not-about-downtown-chicagos-office-construction-pipelineThe City of Big Shoulders carries the might of the Midwesthttps://www.costar.com/article/533945416/the-city-of-big-shoulders-carries-the-might-of-the-midwestDiverse economy, strong infrastructure, high costs of entry keep the Chicago commercial market in balance. This news story is available exclusively to CoStar subscribers.Thu, 16 Jan 2025 00:00:00 +0000https://www.costar.com/article/533945416/the-city-of-big-shoulders-carries-the-might-of-the-midwestAfter years of manufacturing woes, Chicago's South Shore clusters make a comeback through distributionhttps://www.costar.com/article/1263331228/after-years-of-manufacturing-woes-chicagos-south-shore-clusters-make-a-comeback-through-distributionSouth Chicago, South Suburban and Indiana submarket clusters reap rewards after 20 years of reinvention labors. This news story is available exclusively to CoStar subscribers.Fri, 13 Dec 2024 00:00:00 +0000https://www.costar.com/article/1263331228/after-years-of-manufacturing-woes-chicagos-south-shore-clusters-make-a-comeback-through-distributionFirst in pain, the Second City office market suffers the most blows to its CMBS mortgage poolhttps://www.costar.com/article/1835053506/first-in-pain-the-second-city-office-market-suffers-the-most-blows-to-its-cmbs-mortgage-poolLoans in the Loop represent almost 70% of the market’s 90-plus-day delinquencies. Behind only New York, Chicago stands out with over $1.4 billion in this ranking, representing more than 23% of its overdue CMBS balance. This news story is available exclusively to CoStar subscribers.Tue, 26 Nov 2024 00:00:00 +0000https://www.costar.com/article/1835053506/first-in-pain-the-second-city-office-market-suffers-the-most-blows-to-its-cmbs-mortgage-poolTouring Chicago office tenants find discounts in the details, not in face asking rentshttps://www.costar.com/article/72664850/touring-chicago-office-tenants-find-discounts-in-the-details-not-in-face-asking-rentsOf the five P’s in the marketing mix, ‘price’ and ‘painless’ renewals drive Chicago’s office leasing velocity. Read the article to glean more insights from local market players. This news story is available exclusively to CoStar subscribers.Tue, 19 Nov 2024 00:00:00 +0000https://www.costar.com/article/72664850/touring-chicago-office-tenants-find-discounts-in-the-details-not-in-face-asking-rentsNews | Midwest's tight apartment supply pushes its annual rent growth well above the US averagehttps://www.costar.com/article/544160871/midwests-tight-apartment-supply-pushes-its-annual-rent-growth-well-above-the-us-averageChicago’s historically tight vacancy and build rates should preserve its rent growth momentum into 2025. This news story is available exclusively to CoStar subscribers.Fri, 15 Nov 2024 00:00:00 +0000https://www.costar.com/article/544160871/midwests-tight-apartment-supply-pushes-its-annual-rent-growth-well-above-the-us-averageDowntown Chicago office market participants speak about what touring tenants really wanthttps://www.costar.com/article/967261254/downtown-chicago-office-market-participants-speak-about-what-touring-tenants-really-wantOf the five P's in the marketing mix, 'place' generally beats 'property'. This news story is available exclusively to CoStar subscribers.Thu, 17 Oct 2024 00:00:00 +0100https://www.costar.com/article/967261254/downtown-chicago-office-market-participants-speak-about-what-touring-tenants-really-wantAll that glitters is not gold — Chicago’s best-performing downtown offices are not always the shiniesthttps://www.costar.com/article/296950194/all-that-glitters-is-not-gold-chicagos-best-performing-downtown-offices-are-not-always-the-shiniestMore two-star properties post tight overall availability rates than any other quality segment. This news story is available exclusively to CoStar subscribers.Tue, 15 Oct 2024 00:00:00 +0100https://www.costar.com/article/296950194/all-that-glitters-is-not-gold-chicagos-best-performing-downtown-offices-are-not-always-the-shiniestAdjusted for inflation, Chicago’s downtown office market asking rents are downhttps://www.costar.com/article/773977007/adjusted-for-inflation-chicagos-downtown-office-market-asking-rents-are-downIn real dollars, asking rents free fall by almost 20% over 17 consecutive quarters. This news story is available exclusively to CoStar subscribers.Thu, 10 Oct 2024 00:00:00 +0100https://www.costar.com/article/773977007/adjusted-for-inflation-chicagos-downtown-office-market-asking-rents-are-downChicago’s newest retailers lean into keeping us entertainedhttps://www.costar.com/article/1310549836/chicagos-newest-retailers-lean-into-keeping-us-entertainedWhether it’s through play, dining, exercising or taking a class, Second City residents are getting out of the house. After I sliced the data further, I discovered that digitally native brands are significantly expanding their Chicago retail presence. This news story is available exclusively to CoStar subscribers.Mon, 30 Sep 2024 00:00:00 +0100https://www.costar.com/article/1310549836/chicagos-newest-retailers-lean-into-keeping-us-entertainedNews | Windy City retail market's favorite box types may surprise youhttps://www.costar.com/article/314627337/windy-city-retail-markets-favorite-box-types-may-surprise-youPower centers nab 20% of recent leasing, behind only general retail, neighborhood centers. This news story is available exclusively to CoStar subscribers.Fri, 27 Sep 2024 00:00:00 +0100https://www.costar.com/article/314627337/windy-city-retail-markets-favorite-box-types-may-surprise-youChicago’s downtown and urban industrial market tenants seem to herd toward older propertieshttps://www.costar.com/article/1869701394/chicagos-downtown-and-urban-industrial-market-tenants-seem-to-herd-toward-older-propertiesUnlike their suburban peers, these occupiers choose location over building amenities and specs. This news story is available exclusively to CoStar subscribers.Fri, 13 Sep 2024 00:00:00 +0100https://www.costar.com/article/1869701394/chicagos-downtown-and-urban-industrial-market-tenants-seem-to-herd-toward-older-propertiesTroubled Loans Backing Market-Rate Apartments Tick Up Across UShttps://www.costar.com/article/2045445783/troubled-loans-backing-market-rate-apartments-tick-up-across-usCMBS Woes in Houston and New York Appear the Most Noteworthy. This news story is available exclusively to CoStar subscribers.Thu, 11 Jul 2024 00:00:00 +0100https://www.costar.com/article/2045445783/troubled-loans-backing-market-rate-apartments-tick-up-across-usChicago Market Overview, BID Magazine (pages 4 through 9).https://www.ten-x.com/knowledge-center/insights/dont-miss-out-the-may-june-2024-bid-magazine-is-here-spotlighting-chicagoDownload the free May/June 2024 BID Magazine to read writing samples about CRE trends on pages 4 through 9.Sat, 01 Jun 2024 00:00:00 +0100https://www.ten-x.com/knowledge-center/insights/dont-miss-out-the-may-june-2024-bid-magazine-is-here-spotlighting-chicagoData Center Deals Propel Chicago’s Future Flex Space Move-Inshttps://www.costar.com/article/345486479/data-center-deals-propel-chicagos-future-flex-space-move-insData center developers purchase obsolete office properties at land value, repurposing the sites for new data center facilities. This news story is available exclusively to CoStar subscribers.Mon, 25 Mar 2024 00:00:00 +0000https://www.costar.com/article/345486479/data-center-deals-propel-chicagos-future-flex-space-move-insStep aside, Dallas. There is a new big bomber sheriff in townhttps://www.costar.com/article/34199125/step-aside-dallas-there-is-a-new-big-bomber-sheriff-in-townChicago is poised to take the number-one spot for construction of large-scale industrial sites over the next two years. This news story is available exclusively to CoStar subscribers.Mon, 25 Mar 2024 00:00:00 +0000https://www.costar.com/article/34199125/step-aside-dallas-there-is-a-new-big-bomber-sheriff-in-townChicago's O'Hare Industrial Spaces Remain Resilient Amid Low Leasing, Move-Outshttps://www.costar.com/article/191593871/chicagos-ohare-industrial-spaces-remain-resilient-amid-low-leasing-move-outsPreleasing, Few Supply Side Pressures Poised to Reduce Future Strains for Transmodal Hub. This news story is available exclusively to CoStar subscribers.Fri, 15 Mar 2024 00:00:00 +0000https://www.costar.com/article/191593871/chicagos-ohare-industrial-spaces-remain-resilient-amid-low-leasing-move-outsThese 10 US Markets Posted the Smallest Declines in Multifamily Investment Activity Last Yearhttps://www.costar.com/article/1824552130/these-10-us-markets-posted-the-smallest-declines-in-multifamily-investment-activity-last-yearYear-Over-Year US Apartment Investment Fell 63%. This news story is available exclusively to CoStar subscribers.Fri, 08 Mar 2024 00:00:00 +0000https://www.costar.com/article/1824552130/these-10-us-markets-posted-the-smallest-declines-in-multifamily-investment-activity-last-yearInstitutional-Minded Buyers Flock to Chicago’s Multifamily Markethttps://www.costar.com/article/357607032/institutional-minded-buyers-flock-to-chicagos-multifamily-marketChicago's rent growth rate and the market's comparative lack of new competitive residential space under construction appear to be alluring to institutional investors. This news story is available exclusively to CoStar subscribers.Fri, 01 Mar 2024 00:00:00 +0000https://www.costar.com/article/357607032/institutional-minded-buyers-flock-to-chicagos-multifamily-marketLivability Drives Rent Growth for Chicago's Student Housing Markethttps://www.costar.com/article/255077176/livability-drives-rent-growth-for-chicagos-student-housing-marketThe investment play for Chicago’s student housing market, whether inside or outside a university, appears to be more about stable occupancy over annual rent growth. This news story is available exclusively to CoStar subscribers.Tue, 23 Jan 2024 00:00:00 +0000https://www.costar.com/article/255077176/livability-drives-rent-growth-for-chicagos-student-housing-marketHere’s Where To Find the Nation’s Lowest Industrial Vacancy and Availability Rateshttps://www.costar.com/article/244050367/heres-where-to-find-the-nations-lowest-industrial-vacancy-and-availability-ratesFor the first time in over 20 years, Chicago’s industrial vacancy rate is below the national average for almost four consecutive quarters. Its collective availability rate is also below the national average for nearly three straight quarters.Fri, 01 Dec 2023 00:00:00 +0000https://www.costar.com/article/244050367/heres-where-to-find-the-nations-lowest-industrial-vacancy-and-availability-rates