160 results for “O’Hare submarket”
Industrial N Illinois

No end in sight for speculative industrial

| Matt Baker

From this time last year until now, unemployment in Chicago is down and the number of construction jobs are up. The market downturn that many fear hasn’t yet reared its head. All of which means the historic run of speculative development in Chicago continues apace.

Office N Illinois

Colliers arranges 18,375 SF lease in Rosemont's One O'Hare Centre

Colliers International | Chicago represented MDC Realty Advisors and Nicola Crosby Real Estate, owners of One O’Hare Centre, in its 18,375-square-foot lease to Duck Creek Technologies. The Boston-based software company will partially occupy the 5th floor of the 12-story, 380,360-square-foot, Class A office building located at 6250 N. River …

Industrial N Illinois

Short supply to continue for Chicago's suburban industrial market

| Matt Baker

There are no signs of slowing down for industrial assets in Chicago’s suburban submarkets heading into 2019, with tenant activity driving considerable absorption and construction starts. And as demand outpaces supply, these users continue to find space shortages in many parts of Chicago, according to a new report from Brown Commercial Group…

Industrial N Illinois

Bridge Development Partners acquires 87,640-SF industrial facility

Bridge Development Partners, LLC has purchased 133 N. Swift Road, an 87,640-square-foot industrial facility located in Addison, Illinois. Prior to the close of the sale transaction, Bridge successfully negotiated a long-term lease renewal agreement with Associated Material Handling Industries, Inc., which occupies the entirety of the property.

Industrial N Illinois

Forecasting the 2019 industrial sector

| Matt Baker

Meteorologists have a thankless job, predicting the weather a few days out and then suffering vitriol when uncalled-for rain spoils what should have been a sunny day. Prognosticating something just as complex, the real estate market and greater economy, is just as tough, let alone looking a year or more ahead.

Office N Illinois

Class A office space near O'Hare driving vacancy up

| Matt Baker

Across the suburban Chicago market, office vacancy inched up in the third quarter as leasing velocity stalled, with only two new leases recorded greater than 50,000 square feet. This trend holds true in the O’Hare submarket, though the finer details paint a more complex image.

Industrial N Illinois

Avison Young negotiates 90k SF industrial lease near O’Hare

Avison Young recently negotiated an 89,901-square-foot industrial lease at 1845 Tonne Road in Elk Grove Village, Illinois, illustrating the continued demand for well-located buildings in the O'Hare submarket. The new tenant, Cycle Logistics, a transportation and distribution company, is consolidating its warehouse and distribution space fro…