Chicago ranks among Five Industrial Markets to watch in 2017

Original post: REJournals.com | Re-post Cawley Chicago 2.14.17

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…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.

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