Secured Short-Term Flexible Real Estate Solution

Secured Short-Term Flexible Real Estate Solution

CBRE was able to leverage our relationships in the tech ecosystem to find FourKites an off-market sublease that was highly improved and fully furnished at below market rent, saving the client millions of dollars over the term of the lease.

Challenge

Finding short-term, flexible options without the need for a capital commitment

Outcome

Leveraged network within tech ecosystem to identify off-market sublease opportunity meeting FourKites stringent requirements and leading to significant cost savings

How did CBRE solve this challenge?

Scoured entire Chicago office market looking for office solutions for FourKites
Used demographic mapping and transportation studies to identify ideal location
Identified off-market sublease option by leveraging our robust network
Secured highly improved, fully furnished sublease at below market rent
Saved clients millions of dollars over the term of the lease

FourKites office space at 500 West Madison