May 2011: After successful tests, what is the outlook for CBD investment sales?

300nls

After almost no activity in 2009, Chicago’s Central Business District (CBD) saw several office buildings trade hands in 2010, highlighted by the marquee sale of the one-year-old 300 North LaSalle. Year-to-date, the CBD investment sales market has fed off of last years momentum as two buildings have traded, four are under contract, and twelve are being marketed for sale.

In this month’s Market Beat, MB Real Estate examines the outlook for office investment sales in Chicago’s CBD. With several buildings under contract and many more seeking bids, what will investor appetite be?

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