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Chicago Industrial Market Off to a Great Start

CHICAGO—The amount of new construction seems well-balanced with the level of demand from users.

chi-2447 e. higgins rd. (3) 2447 E. Higgins Rd. in Elk Grove Village, IL, part of the O’Hare Peninsula Business Park, a class A development now 100% occupied.

CHICAGO—There are several encouraging signs that 2017 will be another great year for Chicago’s industrial market. For one thing, even after 27 consecutive quarters of growth, users continue to show an appetite for class A spaces. In fact, an increasing number of landlords have filled up all of their available buildings.    

Two new deals at O’Hare Peninsula Business Park, a class A development in suburban Elk Grove Village with seven buildings totaling 256,916 square feet, just brought it to full occupancy.

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Brian J. Rogal

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.

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