Industrial Midwest
Another boom in 2019? Industrial markets poised to soar this year

Another boom in 2019? Industrial markets poised to soar this year

Commercial real estate pros agree: As 2019 begins, industrial remains the hottest CRE sector, with companies scrambling to either find or build modern warehouse and distribution facilities across the Midwest. And a slew of year-end reports only backs up this belief, as researchers find tumbling vacancy rates and soaring demand for industrial space throughout the Midwest’s biggest markets.

Industrial v Wisconsin
Enterprise Business Park in Sturtevant, Wisconsin. The development has one completed building and another now under construction. All four planned phases call for a total of 1.3 million square feet of industrial space.

Building boom in Southeast Wisconsin

Kenosha County, Wisconsin is one of the smallest industrial submarkets in the Chicago metro area. Its 249 properties, as of Q4 2018, are second to last in inventory count, as is its total square footage of 33,569,560 square feet. But that’s about to change as no area had more square footage under construction at the close of 2018.