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Chicago & Midwest  + Greater Chicagoland  + Industrial  | 
Elion Logistics Park 55 Wilmington IL industrial development Elion Partners Brookfield

Investment Sales for Chicago Industrial Outpace Five-Year Average

With a year-to-date total of $4.2 billion, Chicago industrial sales volume through the third quarter has the warehouse & logistics sector outpacing the five-year average by 16.2%, Avison Young reported Wednesday. Over that same five-year period, Q4 accounts for 33.2% of total annual volumes, and a strong finish to the year is expected to boost 2021 volumes further. 

Avison Young notes that pricing for Chicago industrial assets has continued to swell, rising more than 58% since 2015, and particularly since the pandemic, as an influx of investors seek exposure to properties that can accommodate the rise of e-commerce distribution. 

A major contributing factor to Chicago’s industrial appeal to investors has been its fundamentals throughout 2021. Currently vacancy is at 6.3% for a post-2000 low, says Avison Young. JLL puts the average even lower at 4.4% across the region, with seven submarkets coming in below 3%. 

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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 GlobeSt.com 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).

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