Tag Archives: River West

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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More than 55,000 new multifamily units since 2000?!

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We did a double take too. Since 2000, the Chicago market has delivered or renovated 55,324 units. We’re talking all classes and properties with 20 units or more, excluding student housing and affordable housing.This number speaks to a Chicago market nearing the peak of the multifamily cycle. Rents have risen sharply since the turn of the century, mirroring a national trend. With roughly 7,000 units flooding the market in the next 24 months, though, we’ll likely hit our local capacity and see new supply start to taper.

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Chicago Tech Series Part 3: Consider coworking

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One of the Chicago tech scene’s biggest challenges has been competing with the coastal cities for venture capital funding. Local Investors place a stronger emphasis on business fundamentals and startups have to stretch their resources to thrive.

The increasing office rents in tech-favorable submarkets driven by the industry’s appetite for creative office space mean tech firms in Chicago must be more efficient with the investment capital. Here’s why coworking could be the answer.

Welcome to the sharing economy

Consider coworking

The notion of sharing is catching on globally. From sharing major life snapshots on Instagram to daily updates on Twitter, sharing was bound to infiltrate the workplace. Across several sectors, the sharing economy is transforming how people view the ownership and leasing of spaces and services.… Read More

Chicago 2025: Expanding density to fund underinvested Chicago

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Last month Mayor Emanuel proposed a groundbreaking new plan to spur development in both burgeoning neighborhoods and underfunded areas of the city. The implications are significant for Chicago’s key real estate players, as well as the future of our urban core.

Emerging High-Density Submarkets

The proposed expansion of the high-density zoning overlaps with our prediction of Chicago developments expanding beyond the traditional core.

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Why Wall Street likes Chicago’s tech assets

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WallStreetIncreased tenant activity around the CBD has kicked absorption into high gear. Since the start of 2014, 2.7 million square feet has been absorbed from the market with 775,000 square feet in the second quarter alone. Specific submarkets and product types are having a greater impact on this growth than others.

“Segments of CBD inventory in demand by tech and creative users experienced the greatest share of absorption in the second quarter, including properties in the River North/River West cluster and Fulton Market micromarket,” says JLL Managing Director Pam Stamataky.… Read More

Why Fulton Market / River West?

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Fulton Market District

NOTE: The following post originally appeared on the Catapult Chicago Blog.

By Corey Siegrist
Vice President, Tenant Representation
Jones Lang LaSalle

From dozens of new restaurants to Sterling Bay’s purchase of 10+ buildings, the Fulton Market/River West area is quickly becoming one of the most sought-after neighborhoods for tech and emerging growth… Read More