BY THE NUMBERS
CHICAGO—The national industrial market continues to surge and set new high-water marks, according to a recent report from Chicago-based JLL. The overall vacancy rate stands at just 5.2%, and rents just hit $5.35 per square foot. And the remarkable health of the industrial sector means investors are scrambling to buy up properties. Industrial investment outpaces all other commercial real estate sectors, JLL finds, rising more than 20% year-over-year. Although few big portfolios have sold this year, a $12.5 billion deal is in the pipeline. Furthermore, the intense competition for properties has led many investors to look closely at tertiary markets. Foreign capital has also taken off, and in first half of 2017 it matched 85% of last year's total foreign volume. JLL expects 2017 investment to exceed the $47.8 billion in 2016 total, and make the year second to only 2015 in overall activity.
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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.
