Welcome to Episode 13.5 of Real Time, JLL Chicago’s industrial podcast. In this episode, the team previews the Chicago market’s first quarter industrial statistics, breaking down everything from vacancy and absorption to investment sales and construction deliveries. The highlights:
- Existing occupiers like Home Depot, Clorox, RJW and Uline are expanding around the market
- Blackstone and High Street grow their holdings through portfolio acquisitions.
- Mid-range leasing velocity is robust, with 21 new leases between 100,000 and 500,000 square feet in the first quarter
- Take notice of the two business park developments near O’Hare, a trend more typical of suburban greenfield markets
Keep your eyes peeled for a detailed submarket report in the coming weeks!
Listen to this four-minute podcast with the player above or click here.