RE Journals – The Midwest’s leading source for commercial real estate news
The latest headlines from
Chicago Industrial Properties
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Industrial vacancy rates are rising, but average rents in Detroit are climbing, too
The industrial vacancy rate across the country jumped to 5.2% at the end of March, according to the latest research from CommercialEdge. But in good news for Detroit, this Midwest city saw a 4% increase in its average industrial rent during the first quarter of 2024.

Colliers research: Supply outpaces demand in Chicago’s industrial market … but this might be changing
In 2023, the Chicago industrial market experienced oversupply relative to demand. However, in the first quarter of 2024, there has been a notable shift towards a more balanced equilibrium between industrial supply and tenant demand, according to Collier's first quarter Chicago industrial market report.

Crystal Lake is the clear leader for real estate business development
The City of Crystal Lake continues to grow, leading to strong retail, office and industrial real estate markets with outstanding, ongoing opportunities for growth.

Associate at Stotan Industrial to execute new development opportunities in Chicago market
Blake Waeghe, in his new role as associate at Chicago's Stotan Industrial, will assist company founder and president Jim McGill in sourcing and executing new development opportunities for Stotan in the Chicago market.

Contegra Construction building 100,000-square-foot manufacturing facility in Mount Vernon
Manner Polymers is expanding its PVC production capabilities with a new solar powered manufacturing plant in Mount Vernon, Illinois.  Edwardsville, Illinois-based Contegra Construction is constructing the new 100,000-square-foot advanced manufacturing facility and is targeting completion in November of 2024.

Entre Commercial Realty closes sale of 42,901-square-foot industrial property in Spring Grove
Entre Commercial Realty brokered the sale of a 42,901-square-foot building at 2503 Spring Ridge Road in Spring Grove, Illinois.

Lee & Associates brokers 106,120-square-foot industrial lease renewal in Elgin
Lee & Associates negotiated a 106,120-square-foot lease renewal and expansion at 300 Airport Road in Elgin, Illinois.

Chicago’s Stotan Industrial names chief administrative officer
Chicago-based Stotan Industrial hired Linda Pace as its chief administrative officer.

Chicagoland Commercial Real Estate closes pair of office/industrial sales in Chicago market
Chicagoland Commercial Real Estate represented seller 620 Enterprise Drive in the sale/leaseback of an 18,883-square-foot single-tenant office/warehouse building in Oak Brook, Illinois.

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