Tag Archives: spec

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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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

NAIOP panel reveals e-commerce, industrial trends impacting Chicago

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With e-commerce booming, industrial is adapting to new distribution challenges daily. The Chicago market, centrally located and gaining favor among global capital, finds itself at the convergence of those changes.

Kris_Bjorson

JLL’s Kris Bjorson

JLL’s Kris Bjorson, International Director and Head of Retail/E-Commerce Distribution, spoke to a packed auditorium at NAIOP’s All Star Industrial Panel in Rosemont last Thursday.

The panel, which also included LaSalle Investment Management Managing Director Paul White and Panattoni Development Partner John Pagliari, broke down four key market trends affecting global industrial in the Windy City.

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