Colliers

Third quarter leasing activity was 25.4% above Manhattan's five-year historical average and a sizable 48.5% above its 10-year average, according to a report released by commercial brokerage firm Colliers International.

In this <b>EXCLUSIVE</b>, Robert Hartley of Colliers says federal procurement and contracting is huge, and the flow of these dollars drives the economy, most recently in a positive direction.

But good deals can be found, including ones for space close to the city's center.

Developers here have been quite active for years, but the coming of Foxconn has sparked a new speculative boom.

In this <b>EXCLUSIVE</b>, Will Mathews of Colliers shares his insights into investor interest in secondary markets and Baby Boomers craving more market-rate active adult communities, which to this point, are rare.

The revival of the region's office market has legs. And both the CBD and the suburbs are taking part.

Activity has been healthy across the board, with the exception of the I-80 submarket.

Three trends are driving the Chicago office market: continued relocations to the CBD from the suburbs, the rapid growth of co-working and the emergence of former fringe locations.