Digging into Greater O’Hare Industrial Redevelopment

Hiffman’s Research Team collaborated with industrial brokers Mark Baumhart, CCIM, and Terry Herlihy, to do a deep dive into recent redevelopment trends in the Greater O’Hare Market. The presence of a significant volume of functionally obsolete office and industrial properties paired with a consistently low vacancy rate has drawn the attention of a number of developers looking to capitalize on the market’s enduring popularity as a key industrial market.

“We’ve seen leasing momentum shift significantly to newer construction, and that change is encouraging more redevelopment across the submarket.”

Mark Baumhart, CCIM
Executive Vice President

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