I recently read an article in a Costar release entitled “Flight to quality continues in Chicago.” For the past 50 years I have been actively involved in the Commercial Real Estate industry in Chicago and to say it mildly, I would beg to differ with this assumption. What is really happening is a FLIGHT TO [...]
Recently there has been a great deal of publicity for Hudson yards in New York as well as Lincoln Yards in Chicago. While both have similar names, I have identified 2 contrasts. #1 Chicago has a variety of established office markets. New York has begged for ages for an alternate location able to provide Midtown [...]
By Howard Ecker I was having a talk with a good friend of mine who is quite involved in the tech community and actually understands real estate from the tech point of view. Whether it be one click on Amazon, a Google search for almost anything or the instant gratification of booking something on Airbnb [...]
By Howard Ecker There is a lot of talk these days about how important it is to take care of your employees when deciding on new office space, especially in regard to factors like the proximity to public transportation and lunch options, as well as the general comfort level of the office. While these are [...]
By Howard Ecker A “black swan” in the business world is an unlikely occurrence that can either screw up your company or make things even better. An unforeseen event that has a major effect on your business, basically altering everything, positively or negatively. A black swan can change your business so dramatically that the real [...]
Picking out the perfect office space has always been a complicated decision, but it’s become much more difficult in recent decades. For the majority of human history, companies selected their space based on the headcount of employees they needed to support. Every employee came into the office to complete their tasks, and was hired with [...]
Howard L. Ecker, President and CEO of Howard Ecker + Co., a national tenant rep firm based in Chicago, sees the same trends at work in his firm’s markets. “Tech companies will expand,” Ecker said. “If you look at the biggest users of office space recently, tech tenants are much more interested in cool rather [...]
