Chicago Office Deals: Landlord Capital Structures Scrutinized and Tenant Protections Strengthened
CWK Cushman & Wakefield Ltd
$11.62 -1.78%
View chart & analysis → - 1Panelists stated that brokers are examining building capital structures and negotiating protection clauses in Chicago office deals.
- 2Trophy assets recorded 610,000 SF in net absorption this year, with a 420bp decrease in CBD trophy vacancy compared to last year.
- 3Class A buildings accounted for 62% of CBD leasing activity through the third quarter, recording a total leasing volume of 2,900,000 SF.
So what's the key point?
Lease terms have become more detailed when renting high-quality office buildings in Chicago. Processes now include checking the landlord's financial status and creating mechanisms to protect tenants.
Source CRE Daily · View original ↗
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