December 27, 2011 As the brunt of the recession fades from memory, small to mid-sized businesses are approaching the industrial market with renewed confidence. The result is a focus on long-term planning, which is prompting an uptick in activity and pushing vacancy rates downward. Read more...
December 20, 2011 Air cargo volume and the Midwest Manufacturing Index can be a useful tool in predicting future trends in Chicago's O'Hare industrial market. Read more...
September 26, 2011 The Chicago industrial market is desperately in search of equilibrium and consistency. Without it, many in the industry question when a significant and sustainable recovery will occur. Read more...
September 26, 2011 On average, transportation costs are typically eight to ten times the cost of real estate and in most scenarios, transportation is the true “driver” behind real estate decisions. With higher fuel costs, decaying infrastructure and fewer truck drivers on the horizon, migration to rail is absolute. Read more...
September 06, 2011 Although adopting green design and construction practices is an admirable goal, seeking LEED certification for industrial buildings isn’t always practical Read more...
August 09, 2011 According to economists, the most recent recession ended in mid-2009 and we are now a full two years into the recovery. A quick look at industrial vacancy rates in Chicago makes it clear, however, that the recovery has been and will continue to be a slow, upward climb. With the overall industrial vacancy rate in the double digits, and some submarkets lingering in the mid-teens, the market is competitive, to say the least. Read more...
August 02, 2011 Throughout the past decade the United States has focused on reducing our reliance on the manufacturing industry while looking to boost the service industry to create more jobs – particularly in the financial sector. However, as was made clear by the devastating turn of events in the past few years, our economy cannot rest solely on the strength (or lack thereof) of our financial industry. Read more...
June 14, 2011 To reduce risk, tenants should make sure developers and landlords have the financial strength to keep their promises. Read more...
May 24, 2011 Although net absorption is rising in most submarkets, the competition is still high, which leaves landlords strategizing for ways to differentiate their assets from the competition. The question becomes; what level of tenant improvements will be sufficient to attract new tenants to a space? Read more...
April 12, 2011 Whether our clients know it or not, they need a different approach to problem solving. That’s why the brokerage industry is changing its business model. We have to be stronger, smarter and better aligned with our clients to have any chance of converting the limited number of opportunities out there. Read more...
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