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What do tenants want from you anyhow? We've assembled top guns (though, sadly, Tom Cruise was unavailable) like CBRE veteran tenant rep David Justh to answer that and other unsolved mysteries at our Bisnow State of Chicago’s West Suburbs tomorrow at the Westin Lombard Yorktown Center. Register here!
David Justh
David tells us rising demand in Class-A buildings has left only limited options for large users. But B and C properties are still soft because tenants want more: parking, conference and common space, and electrical and HVAC power (and toss in free puppies). Some tenant companies are growing but often as the result of consolidations, like BMO Harris, which recently leased 330k SF in Naperville to bring together Milwaukee and Chicago operations, David tells us. Still, there are stories of organic local growth among office users like Millennium Trust, a financial services firm that started out in 5,000 SF 10 years ago. Earlier this year, it took 75k SF in Oak Brook's Commerce Plaza. “That’s a great story,” David says. Wanna hear more? Sign up here!
Reznick (Client) MCHI