RE Journals: Warehouse Leasing Wars: Chicago Demand Drives Competition
The unprecedented demand for Chicago’s Class-A space has sparked a frenzy. Space is being leased as fast as it’s advertised, causing a trickle-down effect to Class-B and C, according to Marcus & Millichap.
Why? Increased needs of e-commerce companies and other businesses looking to expand their space to store and ship supply, mostly.
While the issue isn’t specific to the Midwest, Chicagoland seems to be feeling a brunt of it for many reasons. RE Journals spoke with Senior Associate Tyler Sharp about the metro’s booming demand.
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