A lot to absorb: Chicago’s top three industrial submarkets in 2020
While the pandemic may have stymied other sectors, the industrial asset class soared in the U.S. during the course of 2020. This was true across…
i-80 corridor
For Chicago’s spec submarkets, this is not a repeat of 2008
It’s not your imagination—we are officially in the midst of a recession. Though it is early in this crisis, the industrial sector has so far…
Chicago’s spec industrial market strong in the first quarter; second quarter brings unknown
It may seem as if spec industrial properties have been going up in the Chicago market with reckless abandon. But in fact—especially over the past…
Records begone: Big Box industrial achieves new highs
During this impressive period of economic expansion, 2016 was a banner year for big box industrial absorption with 16.1 million square feet. Even as we…
A tale of two submarkets: The I-80 and I-55 corridors offer contrary messages
Throughout this cycle, new construction of Class A industrial space has progressed apace, driven by high tenant demand. Though there was above-average absorption throughout the…
Chicago industrial snapshot: The I-80 corridor
Chicago's I-80 corridor absorbed 1.5 million square feet net during the first half of 2019. However, the vast majority of that—1.3 million square feet—was recorded…
Industrial leasing sees 20 percent upswell
One would think that Chicago's industrial market was already racing ahead at top speed. But last quarter, the sector found another gear as 8.67 million…
The I-80 Corridor lags in big box leases
Chicago has seen a spate of large, spec industrial facilities tilt up in the past year. Now they're leasing up. While big box projects throughout…
NAI Hiffman represents ownership in Romeoville industrial lease
NAI Hiffman represented DCT Industrial in a new lease at its industrial complex located at 5 Greenwood Avenue in Romeoville, Illinois. DCT Industrial is a…
2018 spec construction starts more than double historical average
The Chicago industrial market's second quarter of 2018 was another record-breaker. In fact, Q218 represented the 32nd consecutive quarter of positive net absorption for Chicago…