Office

The suburbs around the windy city are well positioned to meet the changing needs of tenants, landlords and businesses in the wake of the COVID-19 pandemic.

The global insurance company will additionally consolidate its remaining footprint within the area by occupying two new office spaces.

In its latest report detailing the second quarter of 2020, RCA says COVID-19 hit certain real estate sectors harder than others.

Companies can save roughly $11,000 per employee with a flexible work-from-home arrangement

So far, there hasn't been a significant change in commercial rents, but tenants believe that a change is coming.

"COVID-19 has presented the commercial real estate industry with never-before-experienced pressure, forcing adaptation to reprioritized tenant needs of health and safety."

The cost of doing business and heightened competition in top markets such as the Bay Area, Silicon Valley and the Los Angeles metro is increasingly untenable, and companies are setting their sights on inland markets.

Water features can help office owners comply with social distancing and provide an amenity to de-stress employees.