Frederick Regnery, national director of Colliers International's industrial advisory group.
CHICAGO—Distributors of consumer products continue to establish new operations in the Chicago metro area and drive the need for more big box facilities. New leases totaled 4.1 million square feet among 19 new leases signed for buildings 200,000 square feet or larger and with ceiling heights of at least 28' clear, according to Colliers International. That brings this year's total to nearly eight million square feet.
“That's the best six-month tally since 2016, and that was a banner year,” Fred Regnery, national director of Colliers International's industrial advisory group, tells GlobeSt.com. Perhaps most heartening was the fact that six tenants signed new leases for more than 300,000 square feet in the second quarter alone. In 2017, there were a total of eight. “That will definitely help out our vacancy rate.”
Recommended For You
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
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.
