Jll Chicago Industrial - Real Time

Sean Reynolds of JLL's Chicago Data Center Practice Group joins the podcast to discuss trends and activity in the data center real estate world. Topics include: Chicago as a key data center market due to its history as a railroad hub. Hyperscalers are helping to push for sustainability through wind energy development. In 2021 The State of Illinois passed an important bill with tax incentives for the data center industry. Data centers contribute significantly to municipal finances through electricity sales tax generation. Elk Grove Village is a “main and main” location for data centers due to power and fiber access. Power supply issues on the east and west coasts are crimping new supply. Supply chain delays are leading to longer lead times on procuring equipment.