November Edition: Who is ready for some good news? • November 8, 2021 marked the end of a 20 month international travel ban. What's next? Conventions, increased occupancy in downtown hotels, a surge for Chicago restaurants and shops, and more. Check out the article below to learn more. • Demand for medical space continues to grow, especially in the suburbs with an influx of new residents. Contact us today to find a medical office space CLOSE to your patients, before rental rates increase. We hope this email finds you in good health. As always, please contact us regarding your commercial real estate needs. Kevin O'Donnell

Chicagoland Commercial Real Estate News

From our blog: "Suburban Growth in the Covid Era" "It’s no surprise that with an increase in population, there is an increase in overall living needs. From restaurants to grocers, doctors to outpatient centers, we expect to see suburban vacancy numbers decrease from where they topped at the height of the pandemic."  Read more

The end of the international travel ban brings conventions back to Chicago "Revenue per available room at downtown hotels that were open in September, a key performance metric that accounts for both room rate and occupancy, averaged $119.39, according to hospitality data and analytics company STR. That was almost twice as much as the average four months before and hit its highest mark for a single month since the start of the pandemic." Read more

Featured Medical Properties

7600 College Drive, Palos Heights 891-3,332 square feet available in various configurations Free common waiting area means tenants save on in-suite space Two elevators to best accommodate patients and physicians Premium co-tenants with first floor pharmacy CAM includes in-suite electricity and janitorial More building improvements coming with new management Learn more Poplar Creek Office & Medical Plaza, Hoffman Estates Space available up to 110,491 square feet On-site carwash and fitness center with men's and women's locker rooms 400+ surface parking spaces plus underground heated parking On-site property management with secure key card access Dramatic three-story atrium Close to O'Hare, many ideal amenities and golf course Learn more

630.444.0444 • www.odcre.com