Report | Better than new? Creative repositioning of Chicago CBD assets
A major wave of renovations on traditionally underperforming properties has taken over the Chicago CBD. Since 2011, 22.0 million feet of CBD office space has been refreshed to attract companies targeting young talent, and the results seem to be proving this strategy's effectiveness. Both tenants and landlords are reaping the benefits, as renovations improve asset marketability, while charm and cost savings compared to new properties further catch tenant attention.
2015 is set to be a record year for renovations in the Windy City, with projects like the Old Post Office and Tribune Tower set to continue the trend in 2016.
Read more about the drivers behind, and benefits of, Chicago's CBD renovation projects, and see what properties to keep an eye on.
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