Market Insights – TMG Real Estate Advisors

Big Box Report – Chicago Market Update

Industrial construction activity continues to hover near all-time highs in Chicago at approximately 31.0 million SF. Given the robust construction pipeline, deliveries are expected to continue at an elevated pace through at least 2022 and consistent with national trends, the vast majority of both under-construction and recently delivered space is in the logistics segment. Eight other Chicago area submarkets have at least 1 million SF of industrial space underway, as the significant rise in the demand for space has pushed development up across the [...]

February 16, 2022

Expect Chicago’s industrial market to remain hot for 2021

It was the best of times; it was the worst of times. For industrial and office real estate brokers, this Charles Dickens quote seems to encapsulate 2020. And, although still in its infancy, in 2021 this sentiment is continuing to ring true. Unfortunately (or fortunately, depending on your perspective), while the “best of times” has been primarily felt by the industrial sector, it is the office sector that has borne the brunt when it comes to the “worst of times.” [...]

January 19, 2021

Flashback: 2020

As we sit on the edge of a New Year, we want to take a moment to look back at what made 2020 so unprecedented. The year was expected to be nothing less than exceptional for the business world. The labor market was strong, with a marked labor shortage (caused by the 50-year record low unemployment rates). We closed 2019 believing that the greatest risks to the national economic well-being were trade policies, the fed, and politics. Then the Covid-19 pandemic [...]

December 31, 2020

Warehouse Demand Increases as Ecommerce Surges

By: Dan Smolensky, Supply Chain Solutions Group Retailers will need an additional one billion square feet of industrial real estate by 2025 as the need for warehouse space grows along with online sales. The coronavirus pandemic has sped up the pace of online activity with retailers now at levels they didn’t expect to reach for another two to five years. Consumers are becoming increasingly comfortable about shopping online as they avoid stores. The search for fulfillment center space has also led to [...]

August 14, 2020

Cost Savings For Warehouse Space Is Now

By: Dan Smolensky, Supply Chain Solutions Group We have been successful in obtaining extensive cost savings for our clients during the COVID crisis uncertainty. The recent boom in speculative development has left a tremendous amount of highly efficient space on the market with lower demand, generating tremendous cost savings opportunities for our clients and owners of commercial warehouse spaces. Demand for warehouse space remains good but definitely softer than the pre-COVID environment. Driven by many factors, notably e-fulfillment, which in many [...]

July 17, 2020

Driver Shortage Continues

By: Dan Smolensky, Supply Chain Solutions Group A deeper look into the 3PL industry highlights one key issue, driver shortage. Before the novel coronavirus began to dominate the headlines, American Trucking Associations maintained that the industry was short an estimated 60,000 drivers as a result of retirements and the sometimes slow pace of getting new men and women into the industry. While those factors remain true, what has changed in short order is the economic environment the industry currently confronts. As [...]

June 23, 2020

Beyond the Speculation

By: Marat Safir As we approach the 60-day mark since this health crisis evolved in the U.S., there have been almost instantaneous impacts heard around the country from all real estate sectors. Retail sales are down 16.4% last month (The Real Deal); office buildings within CBD’s are virtually desolate; industrial is holding onto a positive outlook, however, some indicators are showing an inevitable decline, (MBA) an estimate 3.8 million homeowners are in forbearance plans and occupancy levels in the hospitality [...]

May 20, 2020

Fulton Market Developments

There is so much development going on in the Fulton Market! That’s why we assembled this snapshot where you will find an overview of the submarket as well our office team’s favorite upcoming projects! Have a question about any of these locations? Call or email us today and speak to one of our experienced office brokers! Prepared by Morgan Mellske at TMG Real Estate Advisors

July 22, 2019

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