DEVELOPMENT, INVESTMENT & LEASING ACTIVITY, COLD STORAGE & HOT TRENDS IN A BOOMING MARKET

What You’ll Learn:

• The Chicago area benefited greatly from the industrial boom, largely supercharged by the fast-growing transportation, logistics, and warehousing industries. How are owners and developers keeping up with the increased demand for facilities and new development?
• With an increased demand and a short supply of construction materials, how are developers and contractors moving forward with new projects? How are rising construction costs and supply chain issues impacting the development of new facilities?
• The Chicago-area industrial vacancy rate is at its lowest level in more than two decades, and rents in some markets are estimated to be up 10% to 15% year over year. How are landlords attracting tenants and winning deals?
• Amid a super-tight industrial market, will more warehouse developers try to snap up suburban office sites?
• Customer demands have changed before and throughout the pandemic. How has this impacted development and investment trends? What type of industrial space is most in demand: light industrial, last-mile distribution, cold storage, manufacturing or biopharma?
• As cold storage is much more expensive than a standard warehouse, what type of demand is there for speculative cold storage development?
  Which submarkets in the region are seeing the most growth and activity? What are the major distinctions between the submarkets?