X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

CHICAGO-Newer properties, as well as a lack of new construction, has kept vacancy rates in the Northwest/DuPage industrial submarkets steady at about 12%, according to the local Cushman & Wakefield of Illinois Inc. team. Three brokers with the group there tell GlobeSt.com that they have closed half a million square feet in the past six months, and have another million square feet about to close in 60-to-90 days.

Executive Director Britt Casey, Director Al Caruana and Associate Director Michael Hawryluk have been closing deals in the submarket even during the down market. The team specializes in industrial real estate within DuPage and Kane counties, Fox Valley and the O’Hare submarkets, between Interstates 88 and 90, and west of I-355. This isn’t a big-box area, with buildings in the 200,000 square foot to 500,000 square foot range.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

 

GlobeSt Net Lease Spring 2022Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.