Welcome to Episode 4 of JLL Chicago Industrial – Real Time, our Industrial Research podcast hosted by George Cutro and Chad Buch. In this “live” episode, the team is on the scene at JLL Chicago Industrial‘s client event, “The Changing Landscape of Chicago Industrial Real Estate.” They sat down with JLL’s Trevor Ragsdale, Kris Bjorson, John Picchiotti, Ben Bischmann and Debra Bonebrake for candid conversations on top trends, market outlooks and the latest JLL Industrial news.
Listen to the podcast with the player above or CLICK HERE.
The theme of this “Pardon the Interruption”-style panel, inspired by the famous show, was the future. On the heels of 23 consecutive quarters of positive net absorption, the Chicago industrial market is thriving and evolving. Some top takeaways:
- Availability of labor is key. The best site and big box in the world won’t do you any good without a strong team keeping it running.
- The definition of “infill” is changing. For some, it means meeting final mile demand. For others, it’s when ground costs exceed vertical construction costs.
- Asset classes matter. As same-day delivery becomes the norm, expect industrial users to get creative and take advantage of unconventional CBD spaces.