Industrial

Craft breweries are popping up throughout Southern California, but the tight industrial market is putting pressure on the business.

The former chemical manufacturing facility will be redeveloped into a residential rental building with a number of attractive amenities, parking and retail stores.

“At least half of the clients we are dealing with now are putting in some sort of amenity that wouldn't have happened five years ago.”

The Indianapolis region now has an unemployment rate of just 3.2%, and many other metros are just as tight.

“Georgia is one of the premier data center development markets in the US,” says CBRE's Tim Huffman, because of low power costs and state tax incentives for data centers.

The Measure M and SB1 funded infrastructure project is running ahead of schedule and under budget.

CBRE reports that the O'Hare industrial market remains one of the region's tightest sectors, with a very low vacancy of 2.1%, well below the market average of 3.6%.

The property at 4634 East Marginal Way is 94% leased to a variety of tenants, including ride-sharing giant Uber's Greenlight, a hub designed to provide in-person support to drivers.