Big City, Big Lure

This month, the University of ChicagoMedical Center and Biological Sciences Division's development office plans to move from Hyde Park into 23k SF that MB Real Estate’s Andrew Davidson helped them lease at One Prudential Plaza (130 E Randolph). Andy says that this deal illustrates the new-found lure of downtown for tenants in outlying neighborhoods. Even tenants in smaller Midwest cities are gravitating to the City of Big Shoulders. For instance, JMC Steel in Beachwood (near Cleveland) took 29k SF at 227 W Monroe a few months ago. Hear more of Andy’s insights at Bisnow’s Chicago State of the Office Market event April 24 at The Trump International Hotel & Tower. Register here!

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Chicago Newsletters
Related Stories

Salesforce Plans Innovation Hub Downtown: The D.C. Deal Sheet

From Pandemic Darling To Cautionary Tale: Pickleball Clubs Face A Reckoning After Betting Big On Retail Space

Morningstar Releases New Details On Over 350K SF In Q3 Office Leases

Master Plan Is Underway For Southwest D.C., Chief Federal Planner Says

Weil Gotshal Wind-Down Leaves 830K SF Hole In America's Office Market

'Distress Is Finally Trading': Investors Chasing Big Discounts On Boston Office

New Bears Stadium Proposal Floated For Bridgeport

Office Recovery Moving Faster Than Expected, CoStar Finds

How Microsoft, Coca-Cola And Amazon Are Adapting Their Offices For AI Age

Hof Wonen Acquires 251 Social Rental Houses In New Mixed-Use Project In The Hague

Related, Oxford Land Tenant For Top Floors Of 70 Hudson Yards

BXP Execs See Better Returns In Building Offices Than Buying Them