70 results for “i-80 corridor”
Industrial N Illinois

The I-80 Corridor lags in big box leases

| Matt Baker

Chicago has seen a spate of large, spec industrial facilities tilt up in the past year. Now they’re leasing up. While big box projects throughout the region have begun to find users, the situation is a bit slower in the I-80/Joliet Corridor.

Industrial N Illinois

There’s no stopping the ever-growing warehouse

| Matt Baker

If Gulliver were to travel through modern America’s real estate landscape, he might note the Lilliputian market share of the retail sector—and the corresponding Brobdingnagian nature of warehouse and logistic facilities. And it’s not just market share as industrial buildings themselves grow in size every year.

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.

Industrial N Illinois

Chicago construction starts increase dramatically

| Matt Baker

Is the dearth of new supply during the third quarter of 2018—the lowest quarterly total since 2015—a sign of a downturn? According to the latest research update from Colliers International, it’s much more likely to be the calm before the storm as construction starts increased dramatically this quarter.

CRE N Illinois

Marty Mikaitis joins Darwin Realty

Darwin Realty announced that Marty Mikaitis has recently joined the firm as an associate in its Elmhurst office. Mikaitis will work with Adam Haefner and Zeke Rowan on a full range of brokerage services including tenant, buyer and ownership representation, build-to-suit projects and land development. Mikaitis also works on investment analys…

Industrial N Illinois

Big box vacancy finally decreases, but I-80 keeps on building them

| Matt Baker

Over the past two years, big box speculative construction deliveries resulted in a steadily increasing vacancy rate, even while net absorption remained positive. But for the first time in that span, according to a Colliers International report looking at the first quarter of 2018, the big box vacancy rate in the Chicago metro decreased by 4…

Industrial N Illinois

A closer look at the I-55 Corridor

| Matt Baker

Chicago’s economic climate continued to trend upward throughout the first quarter of 2018, with unemployment down to 5.4 percent year-over-year, a 60-basis-points-drop. With this, the local commercial real estate engine continues to hum. And according to an Avison Young report, the I-55 Corridor is seeing a lot of that activity.

Industrial N Illinois

Industrial infill still driving activity in Chicago market

| Matt Baker

Nationally and in Chicago, developers are turning to construction, innovation and technology to meet tenant demand for industrial product. According to Avison Young’s Q1 2018 market overview, the U.S. industrial market, all 12 billion square feet of it, ended the first-quarter of 2018 with an impressive five percent vacancy rate overall.