Advantages of Purchasing Industrial Real Estate in Chicago
Companies that are considering relocation or expansion should consider heading to the midwest. Industrial real estate in Chicago in particular offers many opportunities for growth and long-term value. Beyond a central location, here are a few advantages you’ll experience in this market:
Strong Demand
Chicago is well-known for thriving e-commerce and manufacturing sectors. Consistent demand ensures industrial properties stay occupied, leading to steady rental income.
Diverse Economy
With that said, there are plenty of companies spanning industries that have made roots in Chicago, ranging from finance and technology to transportation and healthcare. This level of diversity helps cushion the real estate market against economic crashes.
Skilled Workforce
Many people are drawn to this bustling city, which brings in more talent for prospective employers. Those living here are part of a large and highly skilled workforce in niche industries, such as manufacturing, logistics and technology. Not only does this help drive demand for industrial real estate in Chicago, but it also helps businesses operate more efficiently.
Chicago Industrial & Logistics Real Estate Development Capabilities
Industrial Spec Development
We specialize in developing and building high-quality, state-of-the-art industrial real estate in Chicago on a speculative (spec) basis. Our designs and construction are created without a specific tenant already in place, anticipating the marketplace’s demand of companies in need of warehouse space.
Built-to-Suit Development
Build-to-suit development, on the other hand, is where we design, develop and construct facilities for our clients in Chicago based on their unique needs and requirements. This is our most custom solution.
E-Commerce Logistics & Fulfillment Properties
Over our six decades of experience, our team has partnered with leading companies in e-commerce and omnichannel retailing to develop Class A distribution, warehouse and internet-fulfillment facilities. We continue to support these businesses with our services.
LogistiCenter® Developments
Dermody Properties’ LogistiCenter® is a class-leading industrial park offering. These facilities provide flexible, state-of-the-art, high-quality logistics space and are strategically located near major transportation routes or infill locations. LogistiCenter® is designed to cater to the needs of modern logistics, distribution and e-commerce companies.