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Chicago Industrial/I-55 Corridor Real Estate

The 55Industrial team specializes in all areas of commercial industrial real estate within the Chicago area! We provide a variety of commercial real estate services including the sales and leasing of industrial buildings, as well as market facts, trends, and interpretations relevant to the I-55 Corridor Industrial Market. Our website offers available commercial properties for sale and lease. We encourage you to browse available Chicago industrial buildings, warehouses, land for sale, and commercial listings. We look forward to assisting you with all of your industrial real estate needs!

A Message for August.
The Chicago industrial real estate market has continued its strong recovery with another quarter with excellent transaction volume. The Chicago metro vacancy rate for industrial real estate dropped another 30 basis points 9.5% vacancy and nearing equilibrium levels. Vacancy rates in the I-55 corridor continue decline with vacancy rates at 7.3%. In the last month alone we have seen absorption of over 1.2 million in Class A space alone in the I-55 corridor.

The I-55 corridor submarket continues its robust recovery driven by its strategic location for logistics and intermodal freight. The I-55 corridor submarket is home to four key intermodal centers, all located within minutes of the I-55 corridor. In addition the I-55 corridor has a very strong labor market and combined with a robust public transportation infrastructure, makes the I-55 corridor a preferred location for manufacturers.

Speculative construction is underway again in the I-55 corridor targeting two distinct user sizes. Two new projects involve multi tenant buildings that will accommodate users in the 20,000 to 50,000 size range. In addition, DCT has just completed a 604,000 square foot speculative distribution center located near the I-55 and Weber Road interchange and Clarius Partners is under construction for a 1 million square foot facility in Joliet.

If you have any questions, or if I can be of any assistance please call 773-957-1418. Read up on "Real Estate News" for information on the Chicago industrial real estate market, or any of the other national real estate markets that Newmark Grubb Knight Frank serves.

About Us.
Newmark Grubb Knight Frank is one of the world’s leading full-service commercial industrial real estate organizations, providing a complete range of transaction, management and consulting services. By leveraging local expertise with our global reach, Newmark Grubb Knight Frank offers innovative, customized solutions, and seamless service to owners, corporate occupants and investors throughout the globe. To learn more, please click here.

Jim Cummings
Newmark Grubb Knight Frank
8750 West Bryn Mawr Ave., Suite 700
Chicago, IL  60631

Jim Cummings: 773.957.1418

West Highland Capital Partners Signs 5-Year Lease in Countryside
Chicago - Sunday, August 25, 2019: Newmark Grubb Knight Frank is pleased to have assisted West Highland Capital Partners in the lease of 25,557 sf in a building located at 5808 East Avenue, Countryside IL. West Highland Capital Partners is starting up a new upscale grocery chain, and this refrigerated facility will be their distribution center. Jim Cummings, Grubb & Ellis represented West Highland Capital Partners.


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