JLL Chicago Industrial Real Time
Listen as experts discuss market trends, hot topics, deal coverage and other industrial news. Hosted by JLL researchers George Cutro and Chad Buch, the duo welcomes guests from various backgrounds to chat about these topics, and more.
info_outline Episode 45: 2022 Midwest Industrial Outlook 06/23/2022
Episode 45: 2022 Midwest Industrial Outlook Tune in to hear why the Midwest industrial market's fundamentals are strong from land availability, rail access, and the ability to reach large portions of the east coast and central region's population base. The 2022 outlook covers insights and key trends impacting the Midwest industrial markets, including: A modern bulk overview Rising tenant demand Supply and demand across the region Outlook for the remainder of 2022 We are joined by Sam Stouffer, JLL Columbus research manager and lead author of the Midwest industrial report and Mike Cagna, JLL Indianapolis research manager. For additional listening, check out , covering the 2021 Midwest Industrial Outlook and see how the market has changed over the last 12 months.
info_outline Episode 44: CSX Railroad Bedford Park 03/16/2022
Episode 44: CSX Railroad Bedford Park Episode 44 is live on location from71st Street in Bedford Park, Illinois home of , known as the largest freight railroad in the Eastern U.S. We are joined by , the Head of State Government Relations and Community Affairs for CSX Transportation, who shares his insights and expertise on freight rail operations and shipping across the company's network. Show Notes 2:25 Tom portrayed Chief Iliniwek during his time at University of Illinois 5:25 Some of the notable ports that CSX services are, New York/ New Jersey, Baltimore, Hampton Roads, Charleston, Savannah and JaxPort in addition to various inland ports. 11:05 Companies are focusing on the greening of their supply chains and moving freight on rail helps with ESG considerations. 12:55 Chicago is the Super Bowl for railroads 15:10 Bedford Park handles a lot of intermodal volume for the parcel shipping companies. 16:05 JLL was involved in the sale of a building on 71st Street which CSX acquired for future expansion of their facility. 27:30 The 71st Street facility does about 900,000 lifts and the 59th Street Facility does about 400,000 lifts per year. 31:00 Shifting freight off the roads and onto rail has a tremendous public benefit in reducing wear and tear on roads 33:00 Transportation Secretary Pete Buttigieg visited CSX Bedford Park to discuss the importance of infrastructure investment 37:20 As part of the CREATE Program, CSX will build a flyover along the 75th Street Corridor to alleviate congestion
info_outline Episode 43: Appearance on Elk Grove Village's Strictly Business Podcast 02/25/2022
Episode 43: Appearance on Elk Grove Village's Strictly Business Podcast Chad, George, and join , Director of Business Development and Marketing for Elk Grove Village on the Strictly Business Podcast for Episode 53. The Village's industrial vacancy rate at the end of 2021 was a historic low of 2.36%. Find out why the demand for industrial space is thriving and hear about some notable transactions and trends. Check out other episodes of including the JLL's teams last appearance on
info_outline Episode 42: Aviation Institute of Maintenance and Logistics Property Company 12/21/2021
Episode 42: Aviation Institute of Maintenance and Logistics Property Company Episode 42, is live on location at 3711 S Ashland Avenue Chicago, the new home of Aviation Institute of Maintenance, a technical school offering offer hands-on training for full service aircraft repair and maintenance. Hear about the development of this facility and walk through the classrooms, hangar, and welding room
info_outline Episode 41: Driving Forward: Truck Terminals featuring Dean Brody 11/03/2021
Episode 41: Driving Forward: Truck Terminals featuring Dean Brody Episode 41 features Dean Brody to discuss truck terminals and their role in the movement of goods. This episode introduces a recent whitepaper: Driving Forward which describes the background of truck terminals, how they fit into the supply chain, as well as building characteristics, development considerations, and investment trends.
info_outline Episode 40: Chicago Southland with Reggie Greenwood and Scott Duerkop 10/04/2021
Episode 40: Chicago Southland with Reggie Greenwood and Scott Duerkop A new episode of JLL Chicago Industrial Real Time is live. Reggie Greenwood, Executive Director of the Chicago Southland Economic Development Corporation and Scott Duerkop join the podcast to discuss the unique logistics and transportation assets and industrial site opportunities in the region.
info_outline WMRE's Common Area Podcast: The Changing World of Distribution 07/08/2021
WMRE's Common Area Podcast: The Changing World of Distribution In this episode, Chad and George join David Bodamer, host of Wealth Management Real Estate's Common Area Podcast to discuss some areas within the industrial world you may not think about such as cold storage, truck terminals and transloading and how they are currently changing and adapting to the technology-based world we live in today As e-commerce continues to change the way we live our day-to-day lives, there have been some major impacts in the world of transportation and distribution that are reshaping the industrial and logistics market. Chad and George discuss: How the pandemic has affected distribution and increased demand for more advanced and adaptable delivery systems throughout the world What transloading is and why it works New delivery developments such as 15-minute grocery delivery services in New York City Emerging niche markets and how they are creating competition for major big-box distributors
info_outline 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.
info_outline Episode 37: 2021 Midwest Industrial Outlook 02/04/2021
Episode 37: 2021 Midwest Industrial Outlook This is Episode 37 recapping the JLL 2021 Midwest Industrial Outlook Report which provides insight into 14 markets across the nation’s heartland region. The report focuses solely on modern bulk distribution product with an emphasis on the top tenants, institutional developers, and investors. The report also includes findings from a survey from the field of JLL professionals in each market.
info_outline Episode 36: Matt Goode, Venture One Real Estate 10/23/2020
Episode 36: Matt Goode, Venture One Real Estate Matt Goode, Principal of Venture One Real Estate joins the Podcast to discuss the company's value-add acquisitions strategy and ground up development business. Also hear about Matt's background and recap of several successful transactions with the JLL Chicago Industrial Team.
info_outline Episode 34: COVID-19 and the state of industrial construction 07/20/2020
Episode 34: COVID-19 and the state of industrial construction Rick Steger, head of JLL’s industrial project and development services group, marks his first return to the podcast since In this installment, we discuss the state of the industrial construction market during COVID-19—including safety features clients are requesting in buildouts, and opportunities in e-commerce, manufacturing and medical/biotech. We also examine how a few trends have evolved since Rick discussed them back in 2017. 2:50: Before COVID-19 hit, U.S. construction was projected to be flat in 2020. 4:17: Project times have lengthened due to government shutdowns, productivity declines, labor shortages and delayed equipment/material deliveries during COVID-19. 7:26: Construction hit its bottom April 22, when 60% of U.S. projects were put on hold or canceled, but began bouncing back by May 20, with many projects back up and running early to mid-June. 11:48: The construction industry is predicted to be down 10-15% overall in 2020 vs. 2019 – not bad considering how much it’s grown over the past few years. 13:18: Opportunity: Growing use of e-commerce, specifically grocery e-commerce, during COVID-19 is driving demand for new distribution centers in urban centers, multi-floor downtown warehouses, dark-store conversions, and more. 16:54: Opportunity: During COVID-19, many manufacturers have been rethinking their supply chain operations, seeking to de-risk by building more facilities stateside and relying less on overseas operations. 18:22: Opportunity: Some of medical and biotech also will move manufacturing back stateside following problems faced overseas during COVID-19. 19:23: Ensuring safety on the job site: From temperature checks and questionnaires to HVAC systems and UV light. 22:20: Preassembled components and automation likely to rise in use in the construction process due to COVID-19. 23:34: Revisiting topics from Precast supplies, 40’ clear and LEED/energy efficiency programs.
info_outline Episode 33: Post-pandemic trends in e-commerce 06/30/2020
Episode 33: Post-pandemic trends in e-commerce The COVID-19 pandemic is changing the way we’re working, shopping, living and planning for the future. In this episode, we discuss shifts in e-commerce to accommodate an influx in shoppers and expansion of the supply chain. We also revisit predictions from two years prior when we first spoke with Matt Powers, executive vice president for retail and e-commerce distribution at JLL. 2:05 – Companies are not focusing on a single building in a single market, they’re looking to roll out a true network. 4:00 – Tertiary markets are as hot as they have ever been. 6:33 – Consumers are more cautious in their shopping experience. 8:33 – Starting to see a shift in the supply chain from global to regional. 9:35 – Many retailers recognize the need to open a large presence closer to major metros and a secondary presence in tertiary markets to fulfill customer needs. 13:24 – How different generations experience online shopping. 14:23 – Opportunities for online ordering and pickup in the wake of the pandemic may create problems for inventory, especially in areas of cold storage. 15:15 – Consumers forced to do “BOPIS” (Buy Online Pickup In Store) during the pandemic will now be more comfortable with this shopping method going forward. 18:40 – The future is bright for grocery and their delivery services. 18:56 – Following up on predictions from two years prior. 19:38 – There’s a continuing demand and driver for e-commerce to arrive at the end customer more quickly. 21:15 – Some companies are more sophisticated and ready to approach e-commerce and supply chain conversations, and others want to hear success stories and best practices before they take the next step.
info_outline Episode 32: Preparedness during a global pandemic 06/10/2020
Episode 32: Preparedness during a global pandemic When the pandemic first hit the U.S., it seemed everything came to a standstill. Now, we’re seeing how companies are reacting and adapting to in the way they conduct business. Listen to the latest episode featuring Christian Beaudoin, managing director, research and strategy at JLL to discuss how the firm is supporting clients and pushing forward during these uncertain times. 3:09 – JLL is laser focused on helping companies with re-entry and how to safely get back into the workplace. 5:50 – JLL’s Workplace Survey assesses available resources and productivity when working remotely. 9:00 – JLL was well prepared to get ahead of the curve with a transition to working from home. 10:45 – Stories on how the research team is tracking transaction activity and collaborating virtually with our tech tools. 13:45 – Supply chain reconfigurations could benefit Chicago’s industrial and transportation sector. 15:15 – Closely tracking new available spaces coming to market to assess the impacts on vacancy. 16:00 – Life on the home front: what does your daily routine look like?
info_outline Episode 31: Industrial Dock Door Construction 05/19/2020
Episode 31: Industrial Dock Door Construction With the rise of e-commerce, buyers expect goods to be delivered to them in one day. This in turn drives the amount of industrial construction needed to keep up with demand. A recent research study from JLL analyzed 4.2 billion square feet of industrial product representing 32 percent of the total United States industrial base, and identified trends and growth in 14 cities across the Midwest and Great Lakes regions in regards to dock door construction. 2:45 – Key findings from Cincinnati and other Great Lakes markets in the “e-commerce corridor” including Louisville, Cincinnati and Columbus. 4:53 – Dock door ratios have grown to one dock for every 7,000 square feet, approximately. 5:30 – Indianapolis has seen record dock door construction over the last three years. 6:46 – Most developments are in urban areas. 10:39 – St. Louis and Western Michigan saw the greatest increase in dock door construction.
info_outline Episode 30: Warehouse Design 02/24/2020
Episode 30: Warehouse Design We’re back with episode 30 and another segment of our industrial education series. Today,you’ll hear from JLL’s Managing Director of Supply Chain & Logistics Solutions,Bob Silverman,who supports JLL’s Northeast industrial group. We discuss rules of thumb and important considerations for both occupiers and developers when choosing an existing warehouse or designing and constructing a new warehouse facility. You’ll also learn about cubic capacity, best-in-class property features, how things flow “
info_outline Episode 29: Holiday Hangover 01/28/2020
Episode 29: Holiday Hangover In a new crossover episode from JLL Chicago Industrial Real Time and Where We Buy, JLL researchers discuss the holiday shopping season and a product’s journey from the warehouse, to the store, to the consumer, and sometimes a return.Listen as our experts discuss the triumphs of the 2019 holiday season, and how their predictions from their last collaboration in 2017 panned out.
info_outline Episode 28: Talk with Commercial Property Executive 12/09/2019
Episode 28: Talk with Commercial Property Executive Recently, we joined Commercial Property Executive to discuss what’s considered a “big box” warehouse, where we’re seeing rentgrowth, how population densityfactors intolocation selection, and more. Thanks to Senior Associate EditorLaura Calugar for hosting us and posingpoignant questions about what’s driving the industry and where it’s headed.
info_outline Episode 27: Transforming Cities 11/04/2019
Episode 27: Transforming Cities Episode 27 brings together Chris Arnold, of the Transforming Cities podcast, and JLL Chicago Industrial Real Time. Listen as we discuss data and tools that are most useful, the warehouse of the future and how to market buildings in today’s world.
info_outline Episode 26: Strictly Business 10/07/2019
Episode 26: Strictly Business We’re back with episode 26 and a lively discussion with Josh Grodzin of the Elk Grove Village Strictly Business Podcast. George Cutro, Chad Buch and Brian Carroll, an experienced broker who’s worked in the Elk Grove Village market for the last 35 years, were invited to join Josh on his latest episode. Listen as we recount the dynamics of the O’Hare market, the diversity of businesses in Elk Grove Village and why it’s enticing to future tenants.
info_outline Episode 25: Battle of the Submarkets: Midwest Edition 09/05/2019
Episode 25: Battle of the Submarkets: Midwest Edition Welcome to Episode 25 and another submarket battle! In this segment we discuss market trends seen in several cities. You’ll learn about vacancies, absorptions, developments underway and the largest sale in one market’s history.
info_outline Episode 24: NAREIT 08/21/2019
Episode 24: NAREIT Welcome to Episode 24! In this latest edition we spoke with Sarah Borchersen-Keto, editorial director at Nareit and Nareit’s REIT Report Podcast, a voice representing real estate investment trusts. This episode covers why 2019 is a transitional year in real estate, activity we’re seeing across markets and industrial trends. It’s a quick 10 minutes packed with a lot of content—listen to the full episode to learn more.
info_outline Episode 23: Truck Terminal Takeover 07/16/2019
Episode 23: Truck Terminal Takeover Truck terminals are a crucial part of our daily lives—whether we realize it or not. In the Chicago metro market alone, there are 200 terminals making up roughly 9.3 million square feet. In this episode of JLL Chicago Industrial Real Time, we discuss truck terminal facilities, what they are and how they’re used.
info_outline Episode 21: National Battle of the Submarkets 12/18/2018
Episode 21: National Battle of the Submarkets The gloves come off in this battle of an episode. Our market research experts battle on whose submarket is the best starting with urban infill. Listen to see who comes out of their corner the winner!
info_outline Episode 20: Understanding Intermodal with Union Pacific 11/27/2018
Episode 20: Understanding Intermodal with Union Pacific Episode 20: Understanding Intermodal with Union Pacific by JLL Chicago
info_outline Episode 19 - Talking trade: How past, present and future tariffs influence industrial real estate 09/25/2018
Episode 19 - Talking trade: How past, present and future tariffs influence industrial real estate Episode 19 - Talking trade: How past, present and future tariffs influence industrial real estate by JLL Chicago
info_outline Episode 18 - Site Selection Stories: Toyota/Mazda, Part 3 09/13/2018
Episode 18 - Site Selection Stories: Toyota/Mazda, Part 3 Episode 18 - Site Selection Stories: Toyota/Mazda, Part 3 by JLL Chicago
info_outline Episode 17 - Site Selection Stories: Toyota/Mazda, Part 2 08/30/2018
Episode 17 - Site Selection Stories: Toyota/Mazda, Part 2 Episode 17 - Site Selection Stories: Toyota/Mazda, Part 2 by JLL Chicago
info_outline Episode 16 - Site Selection Stories: Toyota/Mazda, Part 1 08/16/2018
Episode 16 - Site Selection Stories: Toyota/Mazda, Part 1 Episode 16 - Site Selection Stories: Toyota/Mazda, Part 1 by JLL Chicago