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Bradford Allen Releases 2013 Mid-Year Market Report

CHICAGO – Bradford Allen Realty Services, a Chicago-based commercial real estate firm, today announced that they have released their Mid-Year Suburban Market Research Report.   

“Our Mid-Year Suburban Market Research Report portrays a more accurate reflection of current market conditions,” said Senior Managing Partner Joel Berger.  “We take into account a multitude of factors that are related to market strength — not just the amount of physically vacant space.”   

According to Bradford Allen, a good portion of the space that sits physically vacant today is “The Last Mile” of space—perhaps 5-10% of any given property—where landlords have a diminished desire to be aggressive to get the last deals done.  As a result, this skews the overall statistics.  

Unlike the market reports from many other national real estate firms, the Bradford Allen methodology eliminates geographical outlier properties that can skew the accuracy of reported numbers.  In addition, the bi-annual report offers details for five “micro-markets” within the four major submarkets, and provides greater insight into the current status and emerging trends in the suburban Chicago office market.

“The purpose of any market report is to portray a ‘market snapshot’ to people not directly involved in the day-to-day commercial real estate industry.  Our enhanced format does that much more accurately than other reports that are out there,” added Berger.

About Bradford Allen 
Bradford Allen Realty Services, a Chicago-based, national commercial real estate company provides a full array of brokerage services and expertise to entrepreneurial and corporate business entities as well as not-for-profit organizations.  The firm provides real estate strategy, advice, marketing, and transaction execution for occupiers, investors and owners of real estate. For more information please visit our website at www.bradfordallen.com.