Industrial

The Measure M and SB1 funded infrastructure project is running ahead of schedule and under budget.

CBRE reports that the O'Hare industrial market remains one of the region's tightest sectors, with a very low vacancy of 2.1%, well below the market average of 3.6%.

The property at 4634 East Marginal Way is 94% leased to a variety of tenants, including ride-sharing giant Uber's Greenlight, a hub designed to provide in-person support to drivers.

Currently vacant warehouses can provide attractive, large blocks of space at a discount to new construction.

Industrial occupancy rates are at record highs throughout Southern California, but brokers have advice for landing a space in the tight market.

Earlier this week DCT Industrial's shareholders voted to approve the $8.4 billion transaction.

Even after years of record-breaking absorption, demand remains robust.

The retirement and downsizing of Baby Boomers coupled with the continued emergence of Millennials will support the need for self-storage space in the coming years, providing a positive long-term tailwind.