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PW’S INDUSTRIAL MARKET OVERVIEW, Q3 2014

Owner and user sale activity flourished in the third quarter, accounting for 3,394,284 square feet of completed transactions and the most reported sale activity reported within a quarter in 2014. Ten owner/user property purchase transactions were recorded in excess of 100,000 square feet, doubling that of what was reported in the previous quarter. The largest single owner/user sale of the quarter occurred in the North Cook submarket with Affordable Moving Company, Inc.’s 377,738 square foot purchase.

Owner and user sale activity flourished in the third quarter, accounting for 3,394,284 square feet of completed transactions and the most reported sale activity reported within a quarter in 2014. Ten owner/user property purchase transactions were recorded in excess of 100,000 square feet, doubling that of what was reported in the previous quarter. The largest single owner/user sale of the quarter occurred in the North Cook submarket with Affordable Moving Company, Inc.’s 377,738 square foot purchase. North Cook also had the largest volume of sale transactions for the quarter, logging 630,704 square feet of owner and user sales. Additionally, the I-55 Corridor, Kane County, and Midway submarkets all reported total sale transactions for the quarter in excess 300,000 square feet.

Click here to download our full Industrial Market Overview for Q3 2014 and take advantage of our advanced market knowledge and specialized experience.

Download link: Paine Wetzel Chicago Industrial Market Overview 3Q14.pdf