Tag Archives: manufacturing

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.

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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.

Post to LinkedIn | Podcast archives | Subscribe

Recorded at: Coda Room Audio
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Why tech employers are freaking out about the Chicago market

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tech employment

While unlimited soup, salad and breadsticks is a universal truth at any Olive Garden, an unlimited supply of engineers is not a guarantee in a hot tech market like Silicon Valley. That’s why the most agile and bottom-line-minded tech firms have turned to Chicago to find their next tech talent, whether their need is a half dozen or several hundred of the best and brightest.

“We want to tap into the Chicago market. We’re excited about the tech talent there—the new grads, people returning home because it’s such a livable city,” Foursquare senior vice president of engineering Matt Kamen recently told Crain’s Chicago Business.

While Foursquare is starting to hire just a half-dozen engineers locally, enterprise demand for its location data underscores a high-growth and more diversified future for the New York-based business. Foursquare looked at other up-and-coming markets, from Toronto to Austin, but we can guess one big reason Chicago won—tempered wage growth.… Read More

NAFTA’s unexpected impact on Illinois

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Representatives from Canada, Mexico and the U.S. recently entered into the fourth round of negotiations on the North American Free Trade Agreement. While interests are wide-ranging and competing, the major focus has been on “rules of origin,” which look at the location breakdown of where products are manufactured to determine trade statistics, procurement and preferential treatment.

As negotiations continue, the State of Illinois, its economy and its real estate could be affected in good, bad and surprising ways:

The singularity is near

NAFTA

While some argue that the U.S. has lost 350,000 manufacturing jobs since 1994 due to trade with Mexico, others note this decline started well before NAFTA began. Tracking employment against manufacturing output is the most telling, as we’re seeing a sharp increase in productivity, despite fewer jobs. The answer: Robots and automation are making U.S. manufacturing more efficient. It’s not “Westworld,” but maybe it’s not far off..

Illinois is increasingly exposed

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Project Profile: mHUB

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mHUB

JLL was on the scene last week for the grand opening of mHUB and as you can see, sparks were flying. Chicago’s first innovation center for physical product development and manufacturing, mHUB is a collaboration among Chicago’s leaders in business, innovation and research.

“Developing and manufacturing physical products is a capital intensive process and involves a steep learning curve,” said Haven Allen, mHUB co-founder and executive director. “Our industry partners will help fund crucial physical assets for mHUB that our early-stage innovators need to improve their odds of getting to market faster.”

Take a look at mHUB’s story below, where our Tenant Representation and Project and Development Services teams partnered to deliver manufacturing’s future:… Read More

Top 10: Trump’s unexpected impact on suburban Chicago real estate

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TrumpOur Suburban Tenant Representation team recently hosted a webinar exploring how President Trump’s policy changes could impact suburban Chicago real estate.

“With vacancy near 10-year lows, strong tenant demand and robust investment activity, the suburbs continue to be a value story with as much as a $20 per square foot rent differential compared with downtown,” said JLL International Director Andrea Van Gelder.

As the new administration takes shape, the suburban market and its well-balanced economy could be affected in good, bad and surprising ways.… Read More

Building from the Ground Up: Industrial Spec Spotlight

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industrial spec

Last year set some modern-day records for the Chicago industrial market, including a new high water mark for net absorption at 19.1 million square feet. With vacancy under 7 percent for the first time since 2001, JLL brought together its top industrial clients to discuss what’s next. The word of the day is spec, said JLL’s George Cutro, Director of Midwest Industrial Research. It’s 70 percent of the market’s development pipeline and returning to levels last seen in 2007.… Read More

Chicago’s corporate facilities have global reach

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GlobalReach

  • The Chicago metro area is home to more than 1,500 foreign companies, 55 of which are manufacturing firms.
  • Chicago’s skilled workforce and world-class transportation infrastructure — as well as the state’s efforts to reform its pension system — have made the market more attractive to business leaders around the country and around the globe.
  • Site Selection magazine has noted this with its recent inclusion of
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