The Federal Aviation Administration (FAA) will be downsizing its suburban office space in Chicagoland, moving from 186,000 to 108,000 square feet at the O'Hare Gateway Office Center in Rosemont. The property, located at 9500 & 9600 Bryn Mawr Avenue, offers a total of 108,000 square feet of office space. This relocation reflects the ongoing challenges in the real estate market, with remote work trends contributing to a record-high suburban vacancy rate of 29 percent in the region.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not specified
• Market: Rosemont
• Address: 9500 & 9600 Bryn Mawr Avenue
• Size: 108,000 square feet

The Federal Aviation Administration (FAA), represented by Timothy Arel, will be leasing the office space from the landlord, Marvin Herb. This downsizing in office space is a strategic move by the FAA to adapt to the changing work environment and optimize their operations. This transaction highlights the current market conditions and the impact of remote work on office space demand in the Chicagoland area.