Office Market Looking Good for Tenants

I just had an opportunity to review Crain's Chicago Business article Burbs' Office Market Steady (January 14, 2008). I must say, the market is looking up for tenant's, especially those that are patient and have time to negotiate. Yes, yes, it says northern and western suburbs are holding their own with landlords raising net rents a couple of bucks per square foot over a couple of years; yet, 2007 added 1.1 Million sq.ft. with 1.3 million due for completionin 2008. That's quite a bit of office space, giving business owners lots of options. And with talk of a recession looming, its reasonable for tenants to wait, hold off and see where the economy goes.