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JLL Report Shows Chicago Is #2 EV Market in the Nation

Chicago ranked as the second-largest electric vehicle (EV) market in the United States, according to an industrial tenant demand report by JLL. Chicago’s performance in Q3 marked the highest volume of commercial space delivered since Q1 1999, with 12.8 million square feet. This surge was primarily driven by big box retailers, with Target occupying 1.4 million square feet in the I-80 corridor and Amazon moving into 700,000 square feet in the I-39 Corridor.

Governor JB Pritzker has passed numerous pro-EV state policies, and Illinois’ abundance of natural resources, ample property availability, and favorable labor demographics make Chicagoland a bustling destination for EV-related investments and developments.

Recent EV projects include the multibillion-dollar Gotion facility and the TCCI EV Innovation Hub in Decatur. An increase in demand from EV battery and car manufacturers actively seeking sites in Illinois is anticipated as the region continues to see a boom in the industry.

Read More News Stories About: JLL

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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.

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