Cawley Insights

Expectations For Chicago Area Industrial Market in 2019

Posted by Jessica Polito on Jan 17, 2019 3:00:00 PM

The Chicagoland industrial market finished strong in 2018, but will it live up to the same success in 2019? The market is slightly overbuilt, but that is not preventing companies from taking advantage of the Chicagoland area. As the Midwest hub, the market is expected to perform well and hopefully record another great year in the books.

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Topics: Bisnow, Commercial Real Estate, Last-mile warehouse, CRE, REJournals, O'Hare, CawleyChicago, chicagoland, chicago, industrial real estate, distribution, e-commerce, Industrial

What's in Store For CRE in 2019?

Posted by Jessica Polito on Dec 20, 2018 2:00:00 PM

With 2019 right around the corner, everyone is focused on what the commercial real estate industry will look like in the new year. Industrial performed well in 2018 and the office sector stayed steady. Most analysts believe industrial will continue to thrive due to the growing e-commerce industry. As for offices, technology will definitely play a factor in the success as well as the flexibility of the space and lease options.

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Topics: Commercial Real Estate, CRE, chicagoland, e-commerce, Industrial, Office, industrial real estate, office real estate, chicago

Last-Mile Warehouses and Same Day Delivery Go Together Like Milk and Cookies

Posted by Deanna Grazier on Nov 29, 2018 2:20:18 PM

Holiday shopping season is upon us, some people are shopping in stores and some online. Josh Hearne, SIOR provided some insight into the commercial real estate effect on shopping and shipping.

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Topics: industrial real estate, Industrial, Retail, Last-mile warehouse, Shopping, Holiday, Commercial Real Estate, e-commerce

Chicago Industrial Vacancy Rate at its Lowest Since 2001

Posted by Jessica Polito on Aug 21, 2018 3:27:49 PM

 

In 2001, a gallon of gas was $1.46, Wikipedia launched online, and Apple released the first ever iPod. This was also the last time Chicago has seen one of its lowest vacancy rates in the industrial market. In the second quarter of 2018, the vacancy rate was at 6.44%.

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Topics: industrial real estate, Industrial, chicago, Vacancy Rate, e-commerce

Growing interest in smaller last-mile buildings

Posted by Dan Cawley on Mar 28, 2018 2:38:22 PM

 By now, as the commercial real estate community knows well, Amazon and the likes have sought after large Class A warehouse space as the e-commerce demand continues to grow. We live in the time of larger spaces and shorter delivery times. The perfect solution to address this challenge is found in last-mile distribution facilities. This article from Bisnow.com addresses the hidden value in these 30,000 to 65,000 SF facilities often overlooked by major corporations, but are now seeing the limelight as sought after property along major transportation ways. Click here to read the full article at Bisnow.com.

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Topics: tenant representation, industrial real estate, distribution, leasing, e-commerce, aquisition, disposition, Industrial

Industrial Sector On Fire In Chicago

Posted by Dan Cawley on Mar 22, 2018 9:21:09 AM

The Chicago industrial real estate market is shows no signs of slowing down, and attracting investors from other sectors. In this article from Crain's Chicago, the ongoing e-commerce boom plays a large role in the recent success of the industrial real estate market. The article takes a look at financial statistics to support the reasoning behind the industrial sectors' success, while the other sectors sink to an under performing status. Read the full article at ChicagoBusiness.com

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Topics: e-commerce, investment, industrial real estate, office real estate

Big Box Developers Reach New Records

Posted by Dan Cawley on Feb 26, 2018 11:06:14 AM

With the rise in online shopping and demand for faster delivery times, there is a need and change in big box industrial development. The Chicago area saw a 13.76% increase in development in response to the booming e-commerce industry. Can vacancy rates keep up with the extra warehouse and distribution centers and how is e-commerce impacting some firms' distribution infastructure? Read more in this article from GlobeSt.com

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Topics: Industrial, e-commerce, distribution