The Chicago area’s speculative industrial development boom keeps surging. Developers have 19.5M SF under construction, according to new research from Avison Young.
That is a 59% year-over-year increase, and shows just how bullish many developers are on the Chicago region. The robust demand is also beginning to push developers to take risks in new submarkets.
“Many submarkets that are closer to the city have little to no space available for new buildings, so we’re continuing to see speculative development moving to outlying submarkets such as Southern Wisconsin,” Avison Young principal Chris Lydon said...
...moreRSK: Wonder how the change in plans for Foxconn will affect this.
Ken Notes: I know the ED guys from the region and they have this down to a science...
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- - Volume: 7 - WEEK: 7 Date: 12/3/2021 6:11:37 PM -