Cawley Insights

Opportunity Zones in Chicago

Posted by Jessica Polito on Jan 31, 2019 2:00:00 PM

Established in 2017, opportunity zones were created to supply tax advantages for certain investments in lower income areas. To put in perspective the amount of opportunity zones in Chicago, there were roughly 500 census tracts eligible, but only 133 were approved (BisNow). In this particular article, the focus is placed on three areas in Chicago predicted to highly benefit as part of the opportunity zones, especially in the long term.

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Topics: Office, Industrial, office real estate, investment, industiral real estate, chicago, Real Estate, CRE, Commercial Real Estate, Bisnow, CBRE, Opportunity Zones

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

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

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

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, e-commerce, industrial real estate, chicago, Vacancy Rate

Rezoning for Industrial Along the Chicago River

Posted by Jessica Polito on May 17, 2018 11:26:53 AM

 

An Industrial Corridor Modernization Initiative approved by Mayor Rahm Emmanuel is in the works for the North Branch Industrial Corridor of the Chicago River. With local authorities exploring the options for adding more industrial zones along the river, this would bring more businesses and jobs to Chicago. Many companies who could not expand or even begin their business in the city due to the strict zoning laws, were forced to relocate out of Chicago. As stated in the CP Executive article, “Developers will pay fees back to the fund and the Neighborhood Opportunity Bonus system has expanded to the southern portion of the corridor and a North Branch Corridor Bonus system in the northern part of the corridor was created.”

Read the complete article at cpexecutive.com

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Topics: Industrial, industrial real estate

Growth in the Multi-tenant Warehouse Segment

Posted by Jessica Polito on May 7, 2018 2:35:04 PM

Consumers have become accustomed to receiving their items within a few days as a result of companies like Amazon and Walmart. So how do other businesses keep up? They purchase smaller warehouses to break up the distribution and shorten the shipping time and costs. In the current market, businesses are purchasing smaller multi-tenant warehouses, rather than additional larger industrial buildings. 

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Topics: Industrial, industrial real estate, investment, office leasing

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

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

Count on Industrial and Infastructure to be among big influencers on CRE in 2018

Posted by Dan Cawley on Feb 22, 2018 10:09:02 AM

Although early predictions for the commercial real estate market look slump, it is still considered a viable investment according a 2018 finding. This REJournals.com article features an interview exploring what exactly makes commercial real estate an attractive investment and the political implications facing the industry. Click here to read the original article on REJournals.com.

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Topics: Industrial