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REmark: Speculative Industrial Construction

REmark: Speculative Industrial Construction

Since the beginning of 2015, the Chicago industrial market has added 41.01 M SF of new construction (which accounts for 3.30% of the entire 1.24 B SF metro Chicago industrial supply.) Of the 41.01 M SF of new supply added in the past two years, over one-third (14.36 M SF, 35.02%) is spec buildings over 300,000 SF. Of that subset, 41.57% (5.97 M SF) is currently vacant: 30.79% of 2015 completions (1.94 M SF of 6.30 M SF), and 50.00% of 2016 completions (4.03 M SF of 8.06 M SF). Overall vacancy in the industrial market is 6.58%.
 

NAI Hiffman represents Edens ownership, KBS, in two office transactions in Northbrook, Illinois

NAI Hiffman represents Edens ownership, KBS, in two office transactions in Northbrook, Illinois

Bob Assoian named to Midwest Real Estate Hall of Fame for 2017

Bob Assoian named to Midwest Real Estate Hall of Fame for 2017