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Developers Still Bullish on Midwest Industrial Markets

Developers are now shifting to infill locations in Chicago and many other cities.

Although it has seen a great deal of construction in the past few years, users still demand more space in this hot distribution center. The Indianapolis region is setting records for new development and investment. The Opus Group started construction last year on this 495,977-square-foot speculative industrial development in Greenwood. IN, a southern suburb.

CHICAGO—Developers throughout the US continue to break ground on new warehouses located as close as possible to the bulk of online retailers’ customers, and with manufacturing beginning to grow again, the Midwest industrial market is growing at a strong pace, according to Avison Young’s Spring 2018 Industrial Market Report for North America and Europe. The report covers 59 global markets.

Several Midwest cities, including Chicago, Nashville, Indianapolis and Detroit, are seeing a significant boost in industrial demand and development.

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Brian J. Rogal

Brian J. Rogal

Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.

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