Steven Rapoport had the pleasure of representing the seller of this 10,000 sf industrial building situated in Skokie Illinois only 12 miles from downtown Chicago with easy access to I(94).
Chicago’s industrial market has continued to see robust demand, with approximately 21.5 million SF of space absorbed over the past year. A driving force behind Chicago’s industrial sector has always been its centralized location and unparalleled rail and highway connectivity (including being the only U.S. city to have six Class 1 railroads), which help it serve as a primary distribution hub for the Midwest.
Chicago’s geographic and infrastructural advantages have resulted in it playing a critical role in the supply chains of many retail, transportation, and manufacturing companies around the globe, helping it consistently maintain its rank in the top 5 markets nationally for combined import and export activity. (CoStar May 2021 Chicago Industrial Market Report)
Contact me if you or anyone you know is considering buying or selling commercial or investment real estate in Chicago. I am working with investors and developers that are actively pursuing acquisitions in the Chicago Market.
Despite the challenges brought about by the pandemic demand for investment real estate remains strong. Attractive financing terms coupled with optimism pertaining the return to normalcy have created an environment of stable or appreciating values in many of Chicago’s neighborhoods.