BY THE NUMBERS
CHICAGO—Strong demand from e-commerce and logistics users continues to drive the Chicago region's industrial market, which saw 8.3 million square feet of new product delivered in the third quarter of 2017, according to Avison Young researchers. That was most seen in the Chicago industrial market since 2008. The year-to-date total delivered now stands at 18.3 million square feet. But the amount of new industrial product under construction has started to slow, dropping to 12 million square feet during this past quarter, from a high of 21 million square feet at year-end 2016. The I-55 and I-80 corridors recorded the highest amount of new inventory added during the third quarter, accounting for 75% of all new product in the Chicago market, according to Avison Young.
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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.
