Ann Anovitz Associates

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New Demand for Office Space Highest Since Pandemic Onset

Office space needs have certainly been in flux since the pandemic hit in early 2020.  How and when these trends shake out is yet to be determined but Anovitz Associates still believes people will be using office spaces in the future even if the layouts of the offices and time with butts in seats is […]

The Tide Is Turning Away From Shrinking Office Footprints

When the pandemic hit in March of 2020 and everyone started working from their homes no one was certain what the office space world would look like in the future.  Would the Willis Tower be turned into residential condos, would Chicago’s central business district become a ghost town? Talking with tenants, brokers and employees over […]

A warning sign City Hall should heed

A key indicator of the health of the downtown office market has begun to flash red. Author GREG HINZ On Politics. As Mayor Lori Lightfoot prepares to present her critical first city budget, a key indicator of the health of the downtown office market has begun to flash red—a sign of the difficulties the mayor […]

River West site next to Tribune Media megaproject hits the market

The Salvation Army is looking to sell its main downtown campus in the River West neighborhood, hoping to cash in on real estate investors’ appetite for land near the gentrifying North Branch of the Chicago River. Paving the way for what could be a big redevelopment project in the city’s expanding central business district, the […]

Fulton Market transformation shows signs of creeping westward

The Crain’s Chicago Business article on September 28 regarding continued expansion of Fulton Market into the Kinzie corridor is I believe not a question of IF but WHEN this and other areas near downtown start seeing lots of development.  The Cook County Assessor’s office has been sending out notices of increased values all over the […]

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