Episode 38: April 2021 Chicago Industrial Market Perspective Client Webcast Recording

JLL Chicago Industrial Real Time

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 Kris Bjorson, Head of Retail /Ecommerce Distribution, discusses how customer service and transportation impact site selection decisions.

14:13 Keith Stauber, 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 Conor Mullady, 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 Michael Conway , Vice President, reviews last mile and urban logistics trends within the City of Chicago.

34:53 Sam Durkin, 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 Rick Steger, Head of Industrial Project and Development Services, touches on construction pricing and lead times impacting the delivery of building materials.

46:10 John Huguenard, 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.