Source: Bisnow

Fears of a possible recession or continual trade wars didn’t stop the Chicago region’s industrial users from increasing their leasing activity. Tenants leased another 8.7M SF in the second quarter, a 20% increase from the previous quarter, according to Avison Young researchers.
That is much slower than last year, when tenants leased on average 12M SF per quarter. Still, rents keep increasing, and institutional capital continues pouring in to finance new construction.  
Developers now have 19.3M SF underway, more than double the amount in the spring of 2018, with more than 70% of the current pipeline being built on a speculative basis. 
“Institutional…


Please note:

This article was imported from an external RSS feed distributed by Bisnow. Although the article is presumed to originate from a reputable source, JusPost Inc however reserves the right to protect itself and herein affirms that it is NOT the author or copyright owner of this article, nor does it warrant or guarantee that the content of this article is 100% accurate and without prejudice. Furthermore, JusPost Inc declares that it has not modified, nor sold or redistributed this article for profit, and has credited it with the proper source link.