As the 3 rd Quarter economic reports begin to trickle out, it is becoming increasingly clear
that Industrial Real Estate is still performing extremely well. Most of the key demand indicators
are up both nationally and across the Chicago metro area, including net absorption and leasing
activity. These indicators help identify Year – over – Year (YoY) change along with the overall
strength of the industry.
Over the last 6 months, the world has seen an increased reliance on digital shopping for
daily necessities leading to exceedingly strong internet sales growth. While consumer purchasing
is becoming more virtual, efficient product storage and distribution are becoming more crucial.
From the retail behemoths such as Wal-Mart and Amazon to the local Mom & Pop Shops down
the street, they all realize that they need to succeed in having a cost-efficient and timely supply
chain. Some parts of the chain are easier to control than others, like where the distribution
centers are going to be located. Therefore, many Commercial Real Estate Agents in the
Chicagoland area is focused on securing industrial commercial space for their Retail clients.
The thing that makes Chicago so successful, in part, is its geographic location. From a
logistics point of view having access to the Mississippi River, the Great Lakes, six of the nation’s
seven Class 1 railroads, and a large network of national highways is a dream come true for
distribution-related service providers. In the past year, Chicagoland ranked third out of all the
metro areas in the country in net absorption, at nearly 13 million square feet. The top
Commercial Real Estate companies, like Avalon, understand the importance of capitalizing on
industrial commercial property for sale in Chicago.
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