Overheard: Industrial spec development on the horizon?

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Keith Stauber, Regional Managing Director of Jones Lang LaSalle’s Midwest Industrial Services group, on the potential for industrial big-box spec development in the Chicago area 2012:

“Big box spaces here are very few and far between these days; there’s really only a handful of vacant spaces left. We’re definitely looking at the potential for spec development toward the end of 2012 if just a few more of the big spaces get absorbed.”

A panel of top industrial developers who spoke at a BisNow conference last week were of the same mind. Story is here.

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