Warehouses for Sale Chicago

Warehouses for sale chicago are among the most popular types of commercial real estate properties in Chicago. They have strong demand in a region that is undergoing a shift from traditional manufacturing and trade to high-tech services and e-commerce distribution.

What are 3 key parts of warehousing logistics?

Increasing warehouse demand has lifted industrial property prices and pushed local vacancy rates to record lows, but the sector is losing some momentum as rising interest rates and inflation have a negative impact on the industry. In the third quarter, industrial vacancy in the city fell to 13.4 percent from 17.6 percent a year ago, according to Colliers International data.

New warehouse construction in the city jumped to 16.4 million square feet in the third quarter, almost double the previous record set two years ago, and tenants leased 4.9 million square feet of speculative space during the period. Build-to-suit projects made up 68 percent of the total industrial space built during the quarter, and were the primary drivers behind the brisk growth in warehouse development, the report said.

The biggest industrial sale this year was a 1 million-square-foot Whirlpool warehouse in Joliet, which soared in price to $104.4 million from $71.5 million in 2018, according to Will County property records. It was also the largest gain of any Chicago-area industrial building sold this year.

Coldwell Banker Commercial brokers are experts in the Chicago area and can help you find the perfect warehouse for your business, whether it’s an office, a retail location or a distribution center. They know the ins and outs of Chicago industrial real estate, can tell you where to go for the best deals on space, and can get you in front of potential clients.