|Cawley Chicago’s, David Conroy, Principal, had the opportunity to participate and share his insight on this years industrial trends at the ReJournals 2022 Chicago Forecast Summit.
David shares his experience:
“It was great to speak with some of my fellow colleagues in Chicago on the industrial outlook for 2022, I think we had a really productive conversation on the demand in Chicago and are all of the belief that Chicago industrial will see another watermark year on lease rates, rent growth, vacancy rates, and price per square foot. Even in light of the headwinds that are rising interest rates and supply chain log jams the underlying demand from occupiers and institutional investors is palpable and will bring us to never before seen pricing for industrial space. It’s more crucial to plan ahead for occupiers and not just for those whose leases are rolling this year, but those that have leases rolling in the next 24-36 months. Those companies will find themselves in a rental environment alien to the one that they signed their original lease in 3-10 years ago”.
To watch David forecast industrial trends, click here.