CRE MARKETPLACE (pg.12): ASSET/PROPERTY MANAGEMENT FIRMS BROKERAGE FIRMS CONSTRUCTION COMPANIES/GENERAL CONTRACTORS ECONOMIC DEVELOPMENT CORPORATIONS FINANCE FIRMS RE LAW FIRMS VOL.35 NO.1
THE LEADING NEWS SOURCE FOR INDUSTRIAL REAL ESTATE PROFESSIONALS & USERS
JANUARY/FEBRUARY 2025
A view from the top:
2025 market leaders forecast
1237 W Division St. Courtesy of Logistics Property Company.
By Brandi Smith
C
hicago’s industrial real estate market stands at a fascinating crossroads in 2025, defined by a paradox that presents both challenges and opportunities for developers and investors. “We’re seeing very strong absorption rates in Chicago with vacancy rates under 5%,” said Matt Goode,
Managing Partner of Acquisitions with Venture One. “Despite this, institutional capital hasn’t been as aggressive here compared to coastal markets. This unique dynamic underscores Chicago’s dual identity: a logistics powerhouse delivering robust
demand and an investment opportunity waiting to be fully realized. At the same time, economic headwinds, client demands and sustainability imperatives are reshaping FORECAST (continued on page 8)