We’re back with another special guest in today’s Ten with Ben: Andy DeMoss, the firm’s lead downtown agency broker. Having known each other for over a decade, Ben and Andy discuss the past, present, and future of the Chicago market.
Listen as they explore the importance of communication between landlords and tenants, what improvements landlords have been making to keep their buildings relevant, and the heavy concession packages tenants have been acquiring.
Although a vaccine doesn’t mean we’re out of the woods yet, the two have seen enough through the years to keep them excited and driving Chicago’s commercial real estate forward.
“Is today the day we return to pre-pandemic days?”
If you’re like Ben, this has been a question you’ve asked yourself more than once over the past year. The what if’s keep us guessing as to what could have happened and what may happen next.
This week, Ten with Ben is back to bring some insight into how office leasing has changed due to the pandemic. Ben answers questions like: “Would deal terms be the same if the pandemic never happened?”
Negotiating deals in the current environment is giving tenants incentives like how they can use their tenant allowance and rent abatement. The market will continue this way for a while, potentially through 2023, and one thing is clear — it is essential to take advantage of the current situation and capture the savings of this moment in time.
Ben is back, and like most of us, he’s ready to leave 2020 in the rearview mirror! Kick off the new year with Episode 007 of Ten with Ben.
We all hope 2021 will bring lots of excitement, but like Ben says, even after 20 years in the industry, “You just never know!” Listen as he discusses the differences between speculation and reality, why there is no doubt companies will come back to the office (eventually), and what “pent-up demand” means. Even after the COVID-19 vaccine is widely available, it won’t just be like flipping a switch getting back to our normal routines. Office schedules will still vary through at least the next 18 months.
The year will bring uncertainty, but more importantly, it will bring evaluation and opportunities to both landlords and tenants.
A brand-new Ten with Ben has arrived, and today we’re talking building amenities. Listen as Ben compares the latest and greatest benefits available to office tenants. Buildings are working harder than ever to give employees a balance that incorporates work, health, and wellness. The days of a coffee pot being your only work perk are over. Now, most Class A buildings have an onsite café or food service, but it doesn’t stop there.
Ben discusses the significance of fitness centers, bike rooms, conferencing facilities, outdoor space, private decks, and tenant lounges — but most importantly: how it all fits into tenant costs.