Each quarter, Taylor Johnson client NAI Hiffman’s “Market Peek” provides insights into Chicagoland’s office and industrial markets. Knowing reporters would be eager to see the pandemic’s impact on third-quarter activity, we pitched the Peek to media including the Chicago Sun-Times and RE Journals. The resulting coverage spotlighted, among other things, the relatively softer impact of the pandemic on suburban office: -375,000 square feet of absorption versus -1.7 million square feet in Chicago’s CBD, for example. It also suggested the suburbs, with their lower price per square foot, less density and greater drivability, may be more attractive to commuter train-leery employees as part-time, satellite or central office space. Read the Chicago Sun-Times article here and the RE Journals article here.

NAI Hiffman completed six office leases at 26TWENTYFIVE Butterfield, a fully renovated 45-unit office building in Oak Brook, Ill., this summer.