Looking in South Lake County and North Cook (preferred location is near Wheeling). 60,000 - 35,000 · N · Client is looki
TWIC Issues Impacting Logistics, Transportation & Industrial Real Estate
This Week in Chicago Week Ending | May 4, 2018 METRO CHICAGO
Industrial Market Recap Metro Chicago Industrial Market Recap WEEK ENDING | MAY 5, 2018
BUILDING REQUIREMENTS High SF - Low SF
NAI Global Logistics director, Adam Roth discusses issues impacting logistics, transportation and more during the recent 18th Annual Transpacific Maritime Conference (TPM) in LosAngeles / Long Beach, CA.
Rail
400,000 - 200,000
N
Client looking to purchase or lease a 200k-400k SF freezer / cooler building anywhere in metro Chicago industrial market.
250,000 - 150,000
N
Searching for land or Class A existing building or proposed building to purchase. Expansion space is an advantage. Looking in North Lake County and Kenosha East.
100,000 - 100,000
N
Client wants to purchase an 100k SF warehouse within a 3 mile radius of Skokie (North Cook). Requires minimal office.
100,000 - 60,000
N
Searching O’Hare and western suburbs Elmhurst, Bensenville, Elk Grove Village) for 60k-100k SF to lease or purchase. Need at least 100 car parking.
90,000 - 50,000
N
Client looking for 50k-90k SF existing facility to lease or purchase. Need at least 24’ clear, 70+ car parking for Q3 2018 occupancy. Ideal location is I-88 or Fox Valley.
70,000 - 50,000
N
Looking for 60k SF of flex space with 500 car parking within a 10 mile radius of O’Hare. Will consider BTS, existing buildings and retrofits / partial teardowns of office, industrial, flex or retail.
70,000 - 50,000
N
Requirement for 50k-70k SF to lease with 50-75 trailer parking for year-end timing. Need 5k-7k SF of office, a minimum of 2-3 docks. Location is flexible with O’Hare preferred. Will look further west to Elgin, North DuPage & I-88 corridor.
60,000 - 40,000
N
Client wants to purchase or lease 40k-60k SF for manufacturing. Looking in O’Hare, North DuPage, I-88 West, West Cook (N/S).
60,000 - 40,000
N
Looking in the south I-55 corridor for 40k-60k SF to lease. Q4 2018 timing.
60,000 - 40,000
N
Need 50k SF for six months. Looking in South Lake County and North Cook (preferred location is near Wheeling).
60,000 - 35,000
N
Client is looking for 35k-60k SF, food grade or clean space use. Food processing, floor drains a big plus. Prefers to purchase but will consider lease with future ownership rights. Looking in O’Hare, North DuPage, West Cook North and west suburbs (Franklin Park-east, DesPlaines-north, Northlake-south and Glendale Heights-west). Will look in Cook County but only with 6B or potential for 6B.
“U.S. Trucking Prices Are About to Rise Even More” Source: Bloomberg | Thomas Black •
Electronic logging devices (ELDs) are forcing more rigs to park. Approximately 70% of truckers who have begun using ELDs said they earned less money and 65% said they were forced to drive fewer miles.
•
The ELD rules are ‘tightening the screws”, with driver shortages, surging demand and rough weather already have pushed spot rates up 28%.
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The ELD distruption even has spread to railroads, especially in drayage.
Comments
Week Ending:
LAND REQUIREMENTS High AC - Low AC
Rail
12 - 8 AC
N
Comments Looking for 20k SF on 8-12 acres of land in I-55 and I-80 corridors. Storage of heavy equipment. Will look at land sites without a building.
5 - 3 AC
N
Searching for 3-5 acres of land in I-55 corridor (ground zero is Bolingbrook). Parking for 100 trailers. Will sign a 5-year lease.
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Dan Leahy, SIOR
ONE OAKBROOK TERRACE SUITE 400 OAKBROOK TERRACE IL 60181 +1 630 932 1234 HIFFMAN.COM
Executive Vice President +1 630 691 0604
[email protected]
Adam Roth, CCIM, SIOR Executive Vice President +1 630 691 0607
[email protected]
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