Tag Archives: JLL Chicago Industrial – Real Time

Site Selection Stories: Toyota/Mazda, Part 4

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Toyota Mazda

Over the past few decades, Toyota has been a key player in creating a thriving foreign auto industry on U.S. soil. In 2017, the auto industry giant needed a site for a new, multimillion-square-foot plant. With a hard deadline of going online in 2021, they needed it fast. After years of partnership, our team was already well-versed in Toyota’s priorities, and we mobilized overnight. Our data-driven analyses of real estate, labor and incentives requirements set the foundation for an expedited site search executed with precision.

Click below for our Project Profile on Toyota Mazda’s historic, $1.6-billion investment in a new auto plant in Huntsville, Alabama.

Toyota/Mazda
When Toyota found a like-minded partner in Mazda, this undertaking was elevated to historic proportions, and we pivoted with it. Mazda shared Toyota’s philosophies around innovation and productivity, and both firms stood to benefit from the efficiency of working together in one facility.… Read More

Talking trade: How past, present and future tariffs influence industrial real estate

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tariffs

Welcome to Episode 19 of Real Time, JLL Chicago’s industrial podcast. In this episode, the team is joined by the International Trade Association of Greater Chicago’s Executive Director Richard Paullin, an expert on tariffs and international trade. While the news is constantly changing, here are some highlights from our conversation:

  • Today’s tariffs have a ripple effect on tomorrow’s logistics, real estate and transportation sectors, which play a key role in moving goods in and out of the country.
  • From soybeans to corn, agriculture rules in Illinois; limitations on exports will impact facilities across the market, especially in the I-80 submarket.
  • Canada and Mexico, America’s two largest trading partners, buy more from the U.S. than our next 10 largest trading partners.
  • Labor remains a major challenge for manufacturers and distributors with changing immigration policies and employment below 4 percent.

Hosted by: Industrial market research experts George Cutro and Chad Buch


Listen to this podcast with the player above or click here.

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Site Selection Stories: Toyota/Mazda, Part 3

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Toyota MazdaWelcome to the third episode of our new, three-part miniseries, Site Selection Stories: Toyota Mazda. We’re taking you behind the before, during and after of Toyota Mazda’s historic, $1.6-billion investment in a new auto plant in Huntsville, Alabama. Meet the key players:


Listen to this podcast with the player above or click here.

Part 1 | Part 2

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Site Selection Stories: Toyota/Mazda, Part 2

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Toyota/MazdaWelcome to Part 2 of our new, three-part miniseries, Site Selection Stories: Toyota Mazda. We’re taking you behind the before, during and after of Toyota Mazda’s historic, $1.6-billion investment in a new auto plant in Huntsville, Alabama. Meet the key players:


Listen to this podcast with the player above or click here.

Part 1 | Post to LinkedInPodcast archives | SubscribeRead More

Site Selection Stories: Toyota/Mazda, Part 1

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Toyota

Welcome to a special episode of JLL Chicago Industrial – Real Time. Our new, three-part mini-series, Site Selection Stories: Toyota Mazda, will take you behind the before, during and after of Toyota Mazda’s historic, $1.6-billion investment in a new auto plant in Huntsville, Alabama. Meet the key players:


Listen to this podcast with the player above or click here.Read More

Flight to quality and sub-5% vacancy punctuate Chicago industrial’s Q2

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industrial

Welcome to Episode 15.5 of Real Time, JLL Chicago’s industrial podcast. In this episode, the team previews the Chicago market’s second quarter industrial statistics, breaking down everything from vacancy and absorption to investment sales and construction deliveries. The highlights:

  • Market vacancy has stabilized and remains hovering, unbelievably, below 7 percent, with sub-5-percent vacancy in O’Hare!
  • Q2 saw 9 million square feet of leasing volume, a number we haven’t seen since Q3 2016
  • Construction has slowed down as developers become more thoughtful about where and how they build, a healthy sign for the market
  • Tenants, especially in the bread and butter size range, are moving on up to new Class A product for the higher image, clear heights and finishes

Hosted by: Industrial market research experts George Cutro and Chad Buch


Listen to this seven-minute podcast with the player above or click here.

Q2 2018 industrial insight and submarket report.

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Will robots overtake humans? The Changing Landscape of Industry 4.0

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changing landscape

Welcome to episode 15 of Real Time, JLL Chicago’s industrial podcast. In this special post-event episode, the team recaps JLL Chicago Industrial’s recent client event, “The Changing Landscape of Chicago Industrial Real Estate,” held at Chicago’s first innovation center for physical product development and manufacturing, mHUB. Prognosticating on the future of supply chain, our all-star panel of industrial pros included:

Hosted by: Industrial market research experts George Cutro and Chad Buch


Listen to this podcast with the player above or click here. Also be sure to read our event recap below.

Download event report | Post to LinkedIn | Podcast archives | SubscribeRead More

Can the market stump JLL Chicago’s industrial experts?

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podcast anniversary

Welcome to Episode 14 of Real Time, JLL Chicago’s industrial podcast. In our one-year anniversary episode, the team fields questions from our valued listeners. The industrial market tried to stump our experts, but were they successful? Listen for a surprise special guest and our hosts’ answers to questions including:

  • What is the definition of infill?
  • What are you seeing in I-55 as far as demand versus current supply?
  • Is commercial property beginning to respond to changes in interest rates and values?
  • If you could put $100 million to work, which submarket would you pick and why?
  • What’s driving the uptick in leasing of 350,000 to 500,000-square-foot properties?

Thank you to all of our guests and listeners for a fantastic first season. It’s been a pleasure sharing our insight on one of the most exciting and active industrial markets in the country. We continue to learn so much from collaborating with all of you. Season Two is going to clear new heights!

Hosted by: Industrial market research experts George Cutro and Chad Buch

Listen to this podcast with the player above or click here.

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Chicago industrial sees recommitments and really big portfolio sales in Q1

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industrial

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!

Hosted by: Industrial market research experts George Cutro and Chad Buch

Listen to this four-minute podcast with the player above or click here.

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Inside Chicago’s $80 billion manufacturing industry

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manufacturing

Welcome to Episode 13 of Real Time, JLL Chicago’s industrial podcast. In the second half of this two-part episode, the team chats with mHUB CEO Haven Allen about Chicago’s local manufacturing ecosystem. With 14,000 establishments already employing more than 400,000 people, there’s opportunity everywhere. We explore how mHUB and its partners are:

  • Building a community of manufacturing innovation talent
  • Providing those people with opportunities to grow their ideas with local resources
  • Creating the conditions for product innovators to survive and thrive in this industrial revolution
  • Sparking industry collaboration that accelerates the introduction of sustainable new product businesses

Hosted by: Industrial market research experts George Cutro and Chad Buch


Listen to this podcast with the player above or click here.

Listen to Part 1 here.

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mHUB CEO Haven Allen talks manufacturing innovation

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mHUB

Welcome to Episode 12 of Real Time, JLL Chicago’s industrial podcast. In the first half of this two-part episode, the team learns more about mHUB, Chicago’s first innovation center for physical product development and manufacturing. As mHUB approaches its one-year anniversary celebration in March, CEO Haven Allen reflects on:

  • Creating mHUB to cement Chicago’s status as an advanced manufacturing hub
  • Finding mHUB’s home in River West
  • Attracting and developing talent for Industry 4.0
  • Early success stories, like Fixer

Hosted by: Industrial market research experts George Cutro and Chad Buch


Listen to this podcast with the player above or click here.

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Recorded at: Coda Room Audio
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Q4 comes in clutch for Chicago industrial

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industrial

Welcome to Episode 11.5 of Real Time, JLL Chicago’s industrial podcast. In this episode, the team previews the Chicago market’s fourth quarter industrial statistics, breaking down everything from vacancy and absorption to investment sales and construction deliveries. The highlights:

  • Q4 saw 9 million square feet of absorption, accounting for ALMOST HALF of 2017’s 18.9 million square feet of absorption
  • In a marquee year for development, we saw 26 million square feet in construction deliveries, including four million-square-footers!
  • Vacancy inched back down to 7.25 percent
  • Investors’ insatiable appetite for industrial assets continues to grow, leading to 47 million square feet of investment sales in 2017

Keep your eyes peeled for a detailed submarket report in the coming weeks!

Hosted by: Industrial market research experts George Cutro and Chad Buch

Listen to this six-minute podcast with the player above or click here.

Q4 2017 industrial insight and stats.

Our 2017 Year-End Industrial Market Notes here.

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Pardon the Interruption: ESPN meets Industrial

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Pardon the Interruption

Welcome to Episode 11 of Real Time, JLL Chicago’s industrial podcast. For all you ESPN fans out there, this special end-of-year episode is going to be just like Pardon the Interruption. Hot topics, high stakes time limits and one loud buzzer when our pros have to drop the mic. Check out our rapid-fire topics:

  • The cost of infill development
  • The Foxconn effect
  • National investors are here and they’re hungry
  • Transit and logistics New Year’s Resolutions

Hosted by: Special guest and captain of the JLL Chicago Industrial team, John Picchiotti

Featuring: Industrial market research experts George Cutro,Chad Buch and Paul Marsh


Listen to this podcast with the player above or click here.

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Stampedes, secret shoppers, same-day shipping, oh my!

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Black Friday

Welcome to Episode 10 of Real Time, JLL Chicago’s industrial podcast. In this episode, the team prepares for Black Friday and Cyber Monday by exploring the intersection of retail, e-commerce and industrial logistics. Get your shopping lists ready and check out the highlights:

  • Consumers still love Black Friday’s in-store excitement, which means…
  • Malls and retailers start preparing months in advance. Think staffing, security and holiday cheer.
  • FedEx and UPS continue to elevate the package delivery game with state-of-the-art facilities and technology.

Hosted by: Industrial market research experts George Cutro and Chad Buch

Featuring: Retail property management pro Sylvia Payette


Listen to this podcast with the player above or click here.

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Overheard at NAIOP CRE Converge 2017: Top trends and takeaways

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We were on the scene at NAIOP CRE Converge today, and the common theme was the inevitability of technology and its increasing influence on the commercial real estate industry and beyond. In addition to a podcast recap from our hosts of Real Time, JLL Chicago’s Industrial podcast, we’ve pulled together top future-state tech trends.

Listen to this podcast with the player above or click here.

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Autonomous vehicles

How will autonomous vehicles impact parking requirements and more fundamentally, how we view space? With blockchain technology and macro integration of data, we will be able to view individual properties and sections of cities and towns. Consider the city a body and all the external factors (autonomous vehicles, social norms, etc.) organs. In order to understand how the body functions, you need to have a grasp on each organ and how they interrelate, and technology will help us do that. Eventually that will lead to smarter decision-making when constructing, leasing, managing and selling.… Read More

Two million-square-footers in I-80?!

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industrial stats

Welcome to Episode 8.5 of Real Time, JLL Chicago’s industrial podcast. In this episode, the team previews the Chicago market’s third quarter industrial statistics, breaking down everything from vacancy and absorption to investment sales and intermodal traffic. The highlights:

  • Vacancy’s up, but the good news is it’s due to spec deliveries
  • Two million-square-footers going up in I-80 – that’s never happened before!
  • A million-square-foot deal remains elusive this year, but things are ramping up post summer slowdown
  • Intermodal traffic is up, which is a positive sign for big box demand

Keep your eyes peeled for a detailed submarket report in the coming weeks!

Hosted by: Industrial market research experts George Cutro and Chad Buch

Listen to this three-minute podcast with the player above or click here.

Full Q3 2017 Research report here.

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Location, location…logistics: On the road at RidgePort Logistics Center

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RidgePort Logistics Center

Welcome to Episode 8 of Real Time, JLL Chicago’s industrial podcast. In this episode, our team hit the road for the topping off of Building Charlie, the latest spec project at RidgePort Logistics Center in Wilmington:

  • Ridge Development Executive Vice President Aaron Martell tells us how the park came to be
  • Elion Partners Managing Principal Shlomo Khoudari shares his vision of a mixed-use destination with amenities unrivaled at any business park
  • JLL Managing Director Keith Stauber explains the stability of long-term park ownership
  • BNSF Railway Regional Manager of Economic Development Eric Pitcher reminds us why rail is key for any logistics network

Fast facts on RidgePort Logistics Center:

  • 2,200 acres capable of accommodating 22+ million square feet of industrial development
  • Nearly 150,000 square feet of commercial development on its way
  • Located at the intersection of I-55 and Lorenzo Road in Wilmington
  • Rail-served on the BNSF transcontinental main line
  • Proximity to the largest inland container port in North America

Hosted by: Industrial market research experts George Cutro and Chad Buch

Listen to this podcast with the player above or click here.

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The Hidden World of Retail Shipping and Delivery – Part 2

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retail shipping

Welcome to Episode 7 of JLL Chicago Industrial – Real Time, our Industrial Research podcast. In this episode, Part 2 of a special crossover with our sister retail podcast, Where We Buy:

  • Why grocery shopping online is more popular in China
  • Startups are sending furniture and mattresses online, to the delight of the logistics industry
  • When brick and mortar locations become key to a retailer’s omni-channel marketing strategy

Hosted by: Industrial market research experts George Cutro and Chad Buch

Featuring: National retail expert James Cook and industrial pro Aaron Ahlburn


Listen to this podcast with the player above or click here.

Listen to Part 1 of our special crossover podcast on Where We Buy, here.

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Budget backlash for Illinois industrial? Nope…

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budget

Welcome to Episode 6 of JLL Chicago Industrial – Real Time, our Industrial Research podcast. In this episode:

  • Sure, taxes are up, but there are more positives than we think
  • Illinois isn’t the only state grappling with significant long-term obligations
  • Investors can’t ignore Chicago’s universal truths as the nation’s transportation hub, second-largest industrial market by square footage and largest inland port

Hosted by: Industrial market research experts George Cutro and Chad Buch

Featuring: Research and economics pro Christian Beaudoin

Listen to this 10-minute podcast with the player above or click here.

Know someone who’d like to listen? Post to LinkedIn.

Interested in hearing more industrial real estate insights? Listen to all podcast episodes here.… Read More

What does e-commerce want? Power, labor, world domination?

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e-commerce

Welcome to Episode 5 of JLL Chicago Industrial – Real Time, our Industrial Research podcast. In this episode:

  • What retailers want out of their e-commerce distribution network
  • The landlord perspective: The prevalence of build-to-suits to accommodate these facilities’ highly specialized technology and workforce amenity requirements
  • A deep dive into surrounding demographics to enhance retailers’ site selection process

Hosted by: Industrial market research experts George Cutro and Chad Buch

Featuring:

Listen to this 14-minute podcast with the player above or CLICK HERE.

Know someone who’d like to listen? Post to LinkedIn.… Read More