Colliers Hires Chicago Commercial Property Veteran Dan Deuter

Dan Deuter, a veteran Chicago commercial property broker known for his expertise in suburban office buildings, has joined Colliers as vice chair in the company's Chicago office. Deuter comes from Cushman & Wakefield, where he was executive managing director of capital markets for nearly seven years. The move highlights Deuter's reputation as a key player in the Chicago commercial real estate market, particularly in the suburban office sector.

Key Takeaways:

• Dan Deuter has joined Colliers as vice chair in the Chicago office, bringing over 20 years of commercial property experience to the role.
• Deuter was previously at Cushman & Wakefield for nearly seven years as executive managing director of capital markets.
• He has been involved in commercial property sales totaling over $15 billion nationwide during his career.
• Deuter will focus on multi-tenant properties in the suburban office sector, both in Chicago and throughout the Midwest.
• The hire comes amid a challenging market for office building sales, with elevated interest rates and remote work trends impacting investor demand.
• Deuter's expertise is expected to help Colliers secure more suburban office listings, particularly in the multi-tenant segment.

Statistics:

• Deuter has been involved in more than $15 billion in commercial property sales nationwide during his career.
• The Chicago commercial real estate market has seen a slowdown in office building sales, with many transactions occurring at steep discounts to pre-pandemic values.
• Interest rates have risen significantly since the start of 2022, impacting investor demand for office buildings.
• Deuter's experience working with multi-tenant properties in the suburban office sector is expected to drive growth for Colliers in the Midwest.

Sources:

• Crain Communications Inc. (2025)