Who Are Your Future Tenants?
A presentation for commercial real estate professionals
Schaumburg, June 27, 2007
The Building Owners and Managers Association of Suburban Chicago (BOMA/Suburban Chicago) will hold its bimonthly Members Luncheon on July 19 at the Rosewood Restaurant & Banquets in Rosemont. The program portion will feature a presentation, “Who Are Your Future Tenants?” by John Burns, RPA, and John F. McDonald, PhD.
The REALTORS® National Center for Real Estate Research commissioned John Burns Consulting Company (JBCC) to review and analyze U.S. Bureau of Labor Statistics employment and occupation data and to provide a report of its findings to identify the primary industries and occupations which drive office space demand. Join us July 19 for a presentation on this report.
The report includes profiles of office-using occupations for the 20 largest U.S. cities by employment, sources for office employment growth through 2006, projections for 2009 and 2014, and feedback from several leading commercial real estate firms surveyed on the study’s findings.
JBCC formed a partnership for this project with John F. McDonald, PhD, Emeritus Professor of Economics and Finance at the University of Illinois at Chicago and Director of the M.A. program in Real Estate. McDonald is recognized for his research in urban economics and real estate having recently authored two books: Urban Economics and Real Estate and Urban America: Growth, Crisis and Rebirth. He is editor of the Journal of Real Estate Literature.
John Burns, RPA, an independent real estate consultant, is the former executive vice president of BOMA Chicago. He was a portfolio manager for investment clients of a Chicago commercial real estate services firm. A member of Lambda Alpha International and the Chicago Committee on High Rise Buildings, he also serves on the advisory board for UIC’s Center for Urban Real Estate, which McDonald founded and directs. He authored “Evacuation or Relocation?” in the Summer 2007 issue of Chicagoland Office and Commercial Real Estate Magazine. Burns and McDonald previously collaborated on office market reports for BOMA Chicago as well as on commercial real estate tax issues.
The luncheon will be held at The Rosewood Restaurant and Banquets, 9421 W. Higgins Road in Rosemont, beginning with a reception at 11:30 a.m. Lunch will be served at noon; the program will begin at 12:45 p.m. and conclude by 1:30. Members Luncheons are free for BOMA/Suburban Chicago members; guests of members are $40. Commercial property professionals from nonmember buildings may attend for $50. Reservations are required. The luncheon will be held at The Rosewood Restaurant and Banquets, 9421 W. Higgins Road in Rosemont, beginning with a reception at 11:30 a.m. Lunch will be served at noon; the program will begin at 12:45 p.m. and conclude by 1:30. Members Luncheons are free for BOMA/Suburban Chicago members; guests of members are $40. Commercial property management professionals from nonmember buildings may attend for $50.
Reservations are required. Call 847/995-0970, e-mail boma@boma suburbanchicago.com, or register online at www.bomasuburbanchicago.com/LUNCH.asp.
The Building Owners and Managers Association of Suburban Chicago (BOMA/Suburban Chicago) has been serving professionals working in the commercial real estate industry for over 35 years, through effective leadership, advocacy, education, professional development, and the analysis of information affecting the industry. Its members manage over 57 million square feet of commercial office space in the Chicago collar counties, including DuPage, Kane, Lake, McHenry, Will and Winnebago counties, as well as suburban Cook County and outlying areas. BOMA/Suburban Chicago is affiliated with BOMA International, the association of commercial real estate building professionals and companies which provide services essential to the management of quality buildings.