CRE Midwest

Industrial professionals showcase thriving market activity at CIP's 2015 Development Day

Real estate professionals at the CIP 2015 Development Day

Industry professionals got an inside look at the variety of industrial activity in the Chicago submarket at the 2015 Development Day, hosted by Chicago Industrial Properties on June 23 at Aeroterm US near O'Hare.

Industry professionals got an inside look at the variety of industrial activity in the Chicago submarket at the 2015 Development Day, hosted by Chicago Industrial Properties  on July 23 at Aeroterm US near O'Hare.

150 Attendees got a chance to network and walk around as featured industrial developers, owners, brokers, municipalities and contractors showcased their business parks, build-to-suits, spec developments, industrial land, and products and services.

The event provided lunch for those in attendance and its sponsors—Aeroterm, Prologis, CenterPoint, Gullo International, DCT Industrial, Dermody Properties, Holladay Properties, Rockford Illinois USA,, Arco Murray, Premier Design + Build Group, Chicago Title Insurance Company, Summit Design + Build, LLC, Ductilcrete, DeKalb County Economic Development Corporation, United Construction Midwest, JLL, Cornerstone Artchitects Ltd., and Pioneer Environmental Services, LLC.

This is CIP's first year hosting the event, and it appears to have been an opportune time to explore the strong market as the vacancy rate in Chicago fell, for the seventh consecutive quarter, to 7.73 percent—the lowest its been since the third quarter of 2001 when it fell to 6.94 percent, according to the 2015 first quarter report by Colliers International.