Demand for industrial real estate continues to surge across the U.S., with the Midwest cities — specifically Chicago — leading the way.
Those are among the key findings of JLL’s recently released Q2 2013 Industrial Research reports, which were featured in this story by the venerable supply chain and logistics periodical Journal of Commerce.
JLL Chicago’s Trevor Ragsdale tells the JOC that the types of leasing requirements in the pipeline indicate that a broader market recovery is now underway:
“Some 51 million square feet of tenant requirements are based in the Midwest, and Chicago has benefitted from these space needs. Chicago’s increased activity was driven by food packaging and consumer products companies as well as continued strong demand from 3PLs. Chicago also experienced increasing demand from small to medium sized manufacturing users indicating a broader market recovery.”