Strongest Landlord Market for Chi. in 30 Yrs.

CHICAGO—The Chicago region’s industrial market rebounded dramatically in the second quarter as vacancy, absorption, leasing and the level of new construction activity improved from the prior quarter, according to a recent report from Colliers International. In fact, the market has put up such solid, consistent numbers that some experts say we’re now in a historic time.

“I tell my clients that this is the strongest landlord market in 30 years,” Jack Rosenberg, Colliers’ Chicago-based national director for logistics and transportation, tells GlobeSt.com. He highlights the fact that while deliveries of major build-to-suit construction projects have been largely steady since 2008, albeit with a blip or two in 2010 and 2012, “now we’re seeing speculative construction come back in a big way and it’s happening all across the US.”