Jll Chicago Industrial - Real Time

The COVID-19 pandemic is changing the way we’re working, shopping, living and planning for the future. In this episode, we discuss shifts in e-commerce to accommodate an influx in shoppers and expansion of the supply chain. We also revisit predictions from two years prior when we first spoke with Matt Powers, executive vice president for retail and e-commerce distribution at JLL.   2:05 – Companies are not focusing on a single building in a single market, they’re looking to roll out a true network.   4:00 ­– Tertiary markets are as hot as they have ever been. 6:33 – Consumers are more cautious in their shopping experience. 8:33 – Starting to see a shift in the supply chain from global to regional. 9:35 – Many retailers recognize the need to open a large presence closer to major metros and a secondary presence in tertiary markets to fulfill customer needs. 13:24 – How different generations experience online shopping. 14:23 – Opportunities for online ordering and pickup in the wake of the pandemic may create pr

When the pandemic first hit the U.S., it seemed everything came to a standstill. Now, we’re seeing how companies are reacting and adapting to in the way they conduct business. Listen to the latest episode featuring Christian Beaudoin, managing director, research and strategy at JLL to discuss how the firm is supporting clients and pushing forward during these uncertain times.   3:09 – JLL is laser focused on helping companies with re-entry and how to safely get back into the workplace. 5:50 – JLL’s Workplace Survey assesses available resources and productivity when working remotely. 9:00 – JLL was well prepared to get ahead of the curve with a transition to working from home.   10:45 – Stories on how the research team is tracking transaction activity and collaborating virtually with our tech tools. 13:45 – Supply chain reconfigurations could benefit Chicago’s industrial and transportation sector. 15:15 – Closely tracking new available spaces coming to market to assess the impacts on vacancy. 16:00 – Life on t

With the rise of e-commerce, buyers expect goods to be delivered to them in one day. This in turn drives the amount of industrial construction needed to keep up with demand. A recent research study from JLL analyzed 4.2 billion square feet of industrial product representing 32 percent of the total United States industrial base, and identified trends and growth in 14 cities across the Midwest and Great Lakes regions in regards to dock door construction.   Download the full report here.   2:45 – Key findings from Cincinnati and other Great Lakes markets in the “e-commerce corridor” including Louisville, Cincinnati and Columbus. 4:53 – Dock door ratios have grown to one dock for every 7,000 square feet, approximately. 5:30 – Indianapolis has seen record dock door construction over the last three years. 6:46 – Most developments are in urban areas. 10:39 – St. Louis and Western Michigan saw the greatest increase in dock door construction.

We’re back with episode 30 and another segment of our industrial education series. Today,you’ll hear from JLL’s Managing Director of Supply Chain & Logistics Solutions,Bob Silverman,who supports JLL’s Northeast industrial group. We discuss rules of thumb and important considerations for both occupiers and developers when choosing an existing warehouse or designing and constructing a new warehouse facility. You’ll also learn about cubic capacity, best-in-class property features, how things flow “inside the box” and how to analyze efficiency. 4:30: Outbound transportation tends to be more expensive than inbound transportation and being close to the customer is critical. 6:39: Some users may benefit from modern, higher clear height facilities by gaining an extra pallet storage position. 11:54: The number of inventory “turns” varies by industry and can help determine an optimal building. 15:39: Tenants are balancing different types of space requirements to determine storage capacity to hold product and the “t

In a new crossover episode from JLL Chicago Industrial Real Time and Where We Buy, JLL researchers discuss the holiday shopping season and a product’s journey from the warehouse, to the store, to the consumer, and sometimes a return.Listen as our experts discuss the triumphs of the 2019 holiday season, and how their predictions from their last collaboration in 2017 panned out. 1:37: The peak seasonal spike for warehouse labor is a big issue for companies as unemployment is low. 3:19:Most products come from overseas and require different modes of transportation to get the goods to their destination. 5:10:Third party logistics (3PL) companies are a great solution for flexible warehousing, overflow and seasonal spikes. 6:47:Packaging and transportation companies are affected by the busy holiday season as they need to account for the influx well before the season begins. 8:17:The rail and trucking industries work together to move goods. 10:08:Holiday sales increased from last year, and online sales continued to g

Recently, we joined Commercial Property Executive to discuss what’s considered a “big box” warehouse, where we’re seeing rentgrowth, how population densityfactors intolocation selection, and more. Thanks to Senior Associate EditorLaura Calugar for hosting us and posingpoignant questions about what’s driving the industry and where it’s headed. 0:25–What’s considered “big box,” and where demand lies for these facilities. 3:36–Absorption is keeping pace with demand. 4:34 –Population density is driving location choice for occupiers. 7:17–Rents are escalating along both coasts between fiveto 10percent; in the Midwest, rents are growing between three and five percent. 8:37–Investors are entering secondary markets searching for higher yielding opportunities. 10:25–Population density is a factor to consider when looking at emerging markets for “big box”industrial facilities. 13:00–Third-party logistics companies have been a top driver inleasing activity in 2019as companies focus ontheir core business—running their st

Episode 27 brings together Chris Arnold, of the Transforming Cities podcast, and JLL Chicago Industrial Real Time. Listen as we discuss data and tools that are most useful, the warehouse of the future and how to market buildings in today’s world. 2:20 – Chad Buch and George Cutro share their backgrounds and how they entered the world of commercial real estate. 8:40 – There’s a lot of data points to consider, but the most important items they track about an industrial asset are: location, price, clear height, docks, drive-in doors, office space within the building and power. 12:50 – Since industrial buildings may be far apart, the team uses various technology—including Blackbird, a geospatial tool—to show clients an asset before making the trip to see it in person. In a virtual market tour they may review: transportation connectivity, drive times, labor and demographics, siteplans and circulation and nearby amenities. 16:56 – Industrial real estate has become more sophisticated in the last five to 10 years as

We’re back with episode 26 and a lively discussion with Josh Grodzin of the Elk Grove Village Strictly Business Podcast. George Cutro, Chad Buch and Brian Carroll, an experienced broker who’s worked in the Elk Grove Village market for the last 35 years, were invited to join Josh on his latest episode. Listen as we recount the dynamics of the O’Hare market, the diversity of businesses in Elk Grove Village and why it’s enticing to future tenants. Thanks to Josh and his team for inviting us on his podcast. Listen and subscribe, and check out Strictly Business for more details about Elk Grove Village. 2:02: Elk Grove Village alone is 40 million square feet of industrial properties which automatically makes it bigger than eight of the other Chicagoland submarkets. 3:20: It’s a fun and diverse marketplace and the village is going through a renaissance. 6:00: Understand your lease expiration date and start looking for space at least a year in advance. 7:00: According to JLL’s lease activity dashboard, 50 percent of

Welcome to Episode 25 and another submarket battle! In this segment we discuss market trends seen in several cities. You’ll learn about vacancies, absorptions, developments underway and the largest sale in one market’s history. 1:08 – “All figures pointing in the right direction with vacancy holding steady and demand being driven by midsized deals.” – Chad Buch, Research Manager, Chicago 1:56 – “Vacancy is consistently coming down, a lot of preleasing, average spec building size is 150,000 to 200,000.” – Tyler Hegwood, Senior Research Analyst, Minneapolis 3:00 – “Much of the absorption is driven by build-to-suit (BTS), and a large proportion of construction is BTS due to specialized building needs.” – Andrew Thompson, Senior Research Analyst, St. Louis 4:08 – “Historically low vacancy for modern bulk, over 1 million square feet of spec this year since Cleveland has historically been a BTS market.” – Johnathan Miller, Research Analyst, Cleveland 5:45 – “Construction keeps on coming out of the ground, over 11 m

Welcome to Episode 24! In this latest edition we spoke with Sarah Borchersen-Keto, editorial director at Nareit and Nareit’s REIT Report Podcast, a voice representing real estate investment trusts. This episode covers why 2019 is a transitional year in real estate, activity we’re seeing across markets and industrial trends. It’s a quick 10 minutes packed with a lot of content—listen to the full episode to learn more. 0:30 – Why 2019 is a transitional year in industrial real estate 2:14 – All major industrial markets are currently in the peak phase of the real estate cycle 3:43 – Heightened activity in smaller segments 6:32 – Trends in speculative activity versus build-to-suit 8:27 – Why Chicago is considered a bellwether market

Truck terminals are a crucial part of our daily lives—whether we realize it or not. In the Chicago metro market alone, there are 200 terminals making up roughly 9.3 million square feet. In this episode of JLL Chicago Industrial Real Time, we discuss truck terminal facilities, what they are and how they’re used. Time stamps: 1:28 – Costs associated with trucking terminals 3:21 – Coverage and land-to-building ratio 4:58 – The layout of a trucking terminal 9:32 – Valuation of truck terminals 14:20 – The challenges of establishing a truck terminal 16:10 – Sale and lease pricing

Indianapolis has grown exponentially in recent years as a destination for industrial space. A main driver? Easy access to nearly 70% of the U.S. population. The latest installment of the Chicago Industrial Real Time podcast will detail what’s happening in Indy and how it compares to other cities in the Midwest.

The gloves come off in this battle of an episode. Our market research experts battle on whose submarket is the best starting with urban infill. Listen to see who comes out of their corner the winner! You can find more on urban infill: the route to delivery solutions here: https://www.us.jll.com/en/trends-and-insights/research/Urban-infill-the-route-to-delivery-solutions

Episode 20: Understanding Intermodal with Union Pacific by JLL Chicago

Episode 19 - Talking trade: How past, present and future tariffs influence industrial real estate by JLL Chicago

Episode 18 - Site Selection Stories: Toyota/Mazda, Part 3 by JLL Chicago

Episode 17 - Site Selection Stories: Toyota/Mazda, Part 2 by JLL Chicago

Episode 16 - Site Selection Stories: Toyota/Mazda, Part 1 by JLL Chicago

Episode 15.5 - Q2 2018 Stats Preview by JLL Chicago

Episode 15 - Will robots overtake humans? The Changing Landscape of Industry 4.0 by JLL Chicago