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Chicago & Midwest  + Industrial  | 

EXCLUSIVE: Chicago Industrial Focuses on Infill Development

Development velocity in Chicago’s industrial sector has ebbed, at least temporarily, with Colliers International reporting the current square footage of projects under construction is just 39.3% of where it was a year ago, and the number of starts also down in the first quarter. However, the firm anticipates a surge of new development in the next six months.

Where industrial is seeing a pickup in current development activity in infill projects: the redevelopment of already largely-developed sites accounts for 17 of the 30 projects under construction. That’s the market’s greatest number of active infill development projects being developed at one time during the current cycle, according to Colliers.

Looking ahead, the firm anticipates about 50 industrial projects launching construction during the second or third quarters of 2018. At least 20 of these are expected to be infill projects.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Development