1033 West Van Buren
The property is in a rapidly developing transit-oriented “live-work-play” Far West Loop of the Chicago central business district. Continued mixed-use development of the area immediately surrounding 1033 West Van-Buren will drive further rent growth and the area population continues to explode (122% population growth since 2012 in the Far West Loop/Fulton Market).
1033 is located directly on the I-290 (Eisenhower Expwy., 200,000+ VPD), a short walk from two CTA train stations, and a half a block from a bus stop. The property is also a within walking distance of the University of Illinois at Chicago campus and hospital (see map).
The downtown Chicago office market has been undergoing a transformation in that has seen high influx of companies entering and relocating to the market, a record low office development, conversions of office buildings to residential and hotel, and as a result dramatic ongoing and sustainable rental rate growth. Since 2007 alone over 7 million square feet of suburban or out-of-market tenants have relocated to the CBD or opened satellite offices.
Total Square Feet