CRE MARKETPLACE (pg.16): CONSTRUCTION COMPANIES/GENERAL CONTRACTORS FINANCE & INVESTMENT FIRMS
VOL.33 NO.4
THE LEADING NEWS SOURCE FOR INDUSTRIAL REAL ESTATE PROFESSIONALS & USERS
JULY/AUGUST 2023
Industrial sector continues to drive commercial real estate growth
By Mia Goulart, Senior Staff Writer
I
ndustrial remains the "it" sector of commercial real estate, and though there has been a pullback in sales activity as demand patterns continue to shift, experts’ concerns primary stem from overwhelming demand, not a lack of it. Chicagoland is experiencing a shortage of available product for sale, and the demand for space, especially from distribution-related companies, is high. While
there is slightly more product on the leasing side, it’s still limited, particularly taking into account the specific needs of each user.
compromising on location or finding ways to optimize their current space until a suitable property becomes available.
Brown Commercial Group is witnessing especially high demand in O’Hare and DuPage due to their proximity to transportation routes and comparatively lower taxes, yet this is not new, and Broker Candace Scurto said clients are having to get creative by either
Small- and medium-sized users in Southeast Wisconsin are facing a similar issue.
INDUSTRIAL (continued on page 10)