BY THE NUMBERS
CHICAGO—The Chicago industrial market continued to witness tremendous growth in construction volume, according to Avison Young's latest report. Developers delivered 6.1 million square feet during the third quarter and have an additional 18.5 million square feet under construction, an increase of 52.7% and 46.4% year-over-year, respectively. A slight majority of the space under construction is for speculative projects, which the company says “is a strong indicator of developer/investor faith in the market.” The I-80 East Corridor, I-55 Corridor and the Southern WI submarkets continue to record the most product under construction, with a combined 11.8 million square feet.
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
