Arends Project Team

Chicago office leasing experts


Client-focused real estate advisors with a proven track record for significantly reducing companies’ occupancy costs.

Our team has a combined 45 years of commercial real estate experience, focusing on representing companies in the Metropolitan Chicago area for their office leasing requirements. Led by principal Dan Arends, we have established ourselves as one of the premier downtown real estate advisors. Dan and his team are well-known and respected tenant advocates with a highly strategic approach to tenant representation and an unrelenting negotiation style.

Our team


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3Q 2017 Downtown Chicago office

Vacancy rate: 12.7% (same as Q2)
Quarter absorption: 245,552

YTD absorption: 275,814

Rental rate: $39.22 (up from $38.95)

Chicago’s downtown office market posted another stable quarter of demand during the third quarter of the year. With 245,552 square feet of positive net absorption, the CBD’s vacancy rate remained unchanged at 12.7 percent, as the positive demand was offset by the delivery of approximately 287,000 square feet of new supply delivered to the Fulton Market submarket. At 12.7 percent, the CBD’s vacancy rate remains at its highest point in more than two years. The delivery of approximately 2.6 million square feet to the market over the past 10 months has pushed the vacancy rate up 145 basis points. .


To learn more, read the complete Q3 Downtown Chicago Office Research & Forecast Report.

2017

  • 70 transactions | 2,100,000 square feet | $70 million in transaction value
  • Winner, Everest Club top producers award
  • Finalist, Greater Chicago Food Depository Office Broker of the Year
  • Colliers International names Christine Torres new vice president in Office Advisory

 

 

Our mission

Colliers International is the leader in global real estate services, defined by our spirit of enterprise. Through a culture of service excellence and a shared sense of initiative, we integrate the resources of real estate specialists worldwide to accelerate the success of our partners.

Our services

Our Project Team is comprised of tenant representation professionals who do not represent owners or landlords of any office properties. Dan Arends, director of the office advisory group in the Downtown Chicago office, has never represented an owner of real estate on any project in his 25-plus year career as he exclusively specializes in tenant representation. His commitment is representing tenants and this is his sole focus.


DEVELOP STRATEGIC PLAN

Colliers has deep experience in advising corporations on strategic planning initiatives for their businesses that are impacted by real estate. Colliers’ process is focused on studying all aspects of both pre-lease and post-lease activities with an emphasis on upfront strategy development so that our solution is tailored to meet the client’s key project objectives and criteria.  We want to be sure that the end solution is one that works and supports the overall business mission. Just like our client’s businesses, the real estate solution needs to be fluid enough to provide flexibility long into the future.


REVIEW OF THE MARKET AND ASSESS THE SPACE REQUIREMENT IN VARIOUS SITES

Colliers has a staff of five research individuals whose sole responsibility is providing information on every building and tenant in the market. This group is supplemented by our team of 30 office brokers in Chicago supplying the information to our proprietary software. We also supplement this information by subscribing to CoStar, Chicago’s largest real estate information group. This market information is particularly critical in finding “shadow spaces” – those spaces that are not on the market yet, but will be available prior to your lease commencement.  This is critical in not only uncovering additional options, but also helps us uncover any expansion flexibility that you may require. We need to know what each tenant is doing in the market you select, so we can assemble the parcels that make the most sense for you today and on into the future.


FINANCIAL EVALUATION AND ANALYSIS

Colliers prides itself on using proprietary, customized analysis models and tools to thoroughly evaluate and present each potential occupancy scenario for our clients.  The integrity of our data and analysis is of paramount importance to us, because it is critical to our client’s decision making process.  We scrutinize the details to minimize our clients’ risk and will provide our clients with informed and defensible solutions – we manage your risk.


NEGOTIATE LEASE AGREEMENT

The negotiation process is a critical component of the transaction cycle. Colliers will focus on two key elements in its negotiating strategy. First, negotiating compelling lease economics and flexibility and second, setting the stage to achieve a whole host of “non-economic” terms and conditions that will be of operational and economic value to our client. Additionally, Dan Arends has a law degree and has negotiated over 1,500 leases in his career. This valuable knowledge is important to ensure the necessary lease provisions are incorporated in a way that is favorable to the client.


“Our view of negotiating leases for our clients is simple: We are relentless in our pursuit of our clients’ interests.  We do not stop until we get satisfactory provisions in place for all aspects of the commitment…. period.”


PROJECT MANAGEMENT
Once a location is selected, our full-service team can help our clients with all phases of the construction of their space, including bidding and selecting a contractor, all the way to closing out the punchlist. This includes assisting with coordinating the move and all telephone, furniture and fixturing.

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