...come the location for multiple office
developments and
redevelopments that have reshaped the city skyline ... ...lopment activity continues to attract
new institutional ownership and enhan... ...nity to capitalize on the creation of
new residential properties.
IndustrialWith 1.1 billion square feet of
industrial space, Chicago ranks as the second-largest
industrial market in America, serving as the logistical hub of the United States. Since Chicago is the only market in the nation where all six class I rail lines converge, the
industrial property sector benefits from a unique location within North America. The
industrial market also gains from the rare combination of a large population and unlimited green field space. The demographics make Chicago an attractive market for
industrial investors. In fact, every major U.S.
industrial property investor has a presence in Chicago.InvestmentChicago’s office prices remain highly affordable in comparison to other U.S. and international markets. This situation reflects a developer-friendly environment, a lack of physical restraints, and the desirability of the market. In contrast, stable capitalization rates can drive consistently-strong pricing in the
industrial market. This is a reflection of the attractiveness of the market to institutional investors, and Chicago’s strategic location in the center of the country. Consequently, Chicago remains a vital market for institutional buyers and is positioned well for the future.Avison Young in ChicagoAvison Young opened its first U.S. office in Chicago in
2009, marking the launch of aggressive North American and international expansion efforts. Due to the city’s Midwest location and prominent role in North American transportation, Chicago brokers have gained considerable
industrial real estate experience while also fa...