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Episode 38: April 2021 Chicago Industrial Market Perspective Client Webcast Recording
06/04/2021
Episode 38: April 2021 Chicago Industrial Market Perspective Client Webcast Recording
This supplemental podcast episode is a recording of our April 2021 Chicago Industrial Market Perspective Client Webcast. Hear from a panel of JLL professionals on various segments of the market including land pricing, urban logistics, construction, and capital markets and more. 0:50 Introduction from John Picchiotti, Chicago Industrial Market Lead. 2:07 George Cutro, Director of Research, provides a recap of first quarter statistics and positive trends including falling vacancies and leasing volume growing across all size segments. 9:01 , Head of Retail /Ecommerce Distribution, discusses how customer service and transportation impact site selection decisions. 14:13 , Managing Director, runs through recent big box market activity and explains how the supply and demand imbalance has drastically shifted in the I-55, I-80 and I-57 submarkets. 22:02 , Senior Vice President, covers land pricing ranges across the Tri-State market and how entitlements and utility availability impacts the development potential of a site. 28:09 , Vice President, reviews last mile and urban logistics trends within the City of Chicago. 34:53 , Executive Vice President of JLL Industrial Services, describes how the limited pool of Class A inventory and growing deal sizes across the infill markets are leading to steady rent growth. 41:48 , Head of Industrial Project and Development Services, touches on construction pricing and lead times impacting the delivery of building materials. 46:10 , US Industrial Capital Markets lead, closes the webcast with highlights on cap rate compression and how the depth of the buyer pool has grown for limited industrial offerings.
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