Original post: REJournals.com | Re-post Cawley Chicago 2.14.17
…The city’s connection to major water, airport and highway transportation routes makes Chicago the top industrial market to watch in 2017.
And Chicago should only become a stronger industrial market in the coming years, according to the report. That’s because in recent years, Chicago struggled with a lack of Class-A, institutional-grade industrial inventory. That is changing, though. At the end of the third quarter of last year, 11.9 million square feet of new speculative and build-to-suit construction was added to the area’s industrial sector. At the same time, developers had 17.6 million square feet of industrial space here under construction.
Original post: NewsTrib.com 1.25.17 | Re-post Cawley Chicago 1.30.17
Amazon is not a small company. It employs 270,000 workers and grosses more than $100 billion annually. Yet the electronic commerce company doesn’t need much real estate. Even in Chicago, its office needs are modest.
That’s where Dan Cawley comes in.
The La Salle native, now a resident of Burr Ridge, built a boutique business helping small-sized and mid-sized companies — and, like Amazon, big ones that don’t need much square footage — identify real estate options in and around the Windy City.
Chicago has big real estate firms that help America’s corporate giants like Sears and Wal-Mart with their real estate needs; but Cawley has prospered by extending real estate options to companies you won’t necessarily find among the Fortune 500.
“The niche that we try to provide is that not every company is a Sears or a Wal-Mart,” Cawley said. “There are a lot of small- and medium-sized companies and we try to provide the same services as the big guys provide. We try to structure a deal that makes both sides happy.”
Original Post: BisNow.com | Re-post Cawley Chicago 1.17.16
Don’t be surprised when demand slows in industrial real estate this year.
Though e-commerce continues to power industrial real estate to record levels of occupancy and peaking rents, the general consensus among industry experts is that the sector may slow down this year.
The anticipated growth deceleration will have little to do with economic factors. Demand continues to outpace supply, and major retailers and users persist in their scramble for warehouse and distribution space nearer to customers. Investors have been favoring the sector, so it’s been experiencing record levels of acquisition spending and low cap rates.
Original Post www.BisNow.com | Re-post Cawley Chicago 1/10/17
Industrial real estate was one of the top performing sectors in Chicago last year and 2016 ended with one of the most active quarters ever…
Over 7.1M SF of industrial space was absorbed in Q4, three times the amount absorbed in Q3. 2016 netted 15.3M SF of total absorption, nearly equaling 2015’s 15.6M SF. The overall vacancy rate dropped 30 basis points in Q4 to 7.6%, and the Chicago market has seen 27 straight months of positive growth. During that time, 86.8M SF was absorbed and 62.1M SF has come online.
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We are looking forward to a New Year that brings new challenges and opportunities from you. We highly appreciate your continued support. Once again, wishing you a Happy and Prosperous New Year!
I am pleased to announce that Joshua Hearne has become a key investor at Cawley Chicago, the first such partnership in our 18 year history. Josh joined the company as an intern during college 11 years ago and has become one of the most accomplished I-80/55/294 industrial brokers. Throughout his career, Josh has achieved several professional goals including multiple Top Producing Broker awards, earning Society of Office and Industrial Realtors (SIOR) honors and now Principal. I am honored to be working alongside him and look forward to many continued years of success.
– Dan Cawley
Original post | Re-post Cawley Chicago 11.9.16
A field of finalists have been announced for the Association of Industrial Real Estate Broker’s (AIRE) 2016 Frank Mahoney Award. The award presentation on Nov. 8 celebrates the 26th anniversary of the presentation of the first award, and helps AIRE continue its 60th Anniversary Celebration.
- David Conroy, Cawley Chicago: David is a senior associate at Cawley Commercial, a firm he joined immediately out of school in 2013. He focuses on tenant and building representation in the Northern Cook and Lake County markets. Conroy is a graduate of the University of Wisconsin. Rachel Wanroy of Burke, Warren, MacKay & Serritella said, “I trust David with my most important clients … to provide the best representation. I think he is an excellent candidate for this award.”