fbpx
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

News
Research
Mid-Year 2021 Market Watch
July 2021

Mid-Year 2021 Market Watch

News
Property Management
NAI Hiffman achieves WELL Health-Safety Rating for 14 Chicago-area office buildings
July 2021

NAI Hiffman achieves WELL Health-Safety Rating for 14 Chicago-area office buildings

Brokerage
News
Research
Suburban Single-Story Office Market Report: Q1 2021
May 2021

Suburban Single-Story Office Market Report: Q1 2021