December 2020

REmark: Chicagoland Development & Developers

 

Top Industrial Developers

Supply in the Chicago market has increased over the past five years to match growing demand. More than 82.96 M SF of industrial speculative development broke ground in Chicago between 2015 and the end of 2020’s third quarter. The top 20 developers alone are responsible for 74.4% of that total – more than 61.7 M SF.

While the overall industrial pipeline has increased 48.7% in the last year to nearly 25.5 M SF, speculative developments have actually declined 14.0% year-over-year to the 10.4 M SF currently underway.

As developers continue to manage new inventory to align with current deal velocity, future spec deliveries may continue to taper off. For the time being though, a robust pipeline heading into 2021 aligns with continued strength in fundamentals. #CRE #REmark #Chicago #industrial #NAIHiffman

Recent Blog Posts

Brokerage
News
Project Services
Property Management
Research
Hiffman Names 2 Shareholders, Announces New Appointments Across Brokerage, Management Services, Workplace Solutions and Research
September 2025

Hiffman Names 2 Shareholders, Announces New Appointments Across Brokerage, Management S...

Brokerage
News
Thought Leadership
Heartland Real Estate Business Question of the Month
September 2025

Heartland Real Estate Business Question of the Month

Culture
News
Project Services
Thought Leadership
Insights on the future of CRE from Summer 2025 interns
September 2025

Insights on the future of CRE from Summer 2025 interns