July 2023 Industrial Market Update By Trinity Scurto, Partner Here's an industrial market update as we head toward the second half of 2023. We are seeing a slight uptick in availability of industrial space in some submarkets, yet there is still strong demand and a rush to secure space. Our most recent industrial market update shows Cook County...
July 2023 --2023 Mid-Year Report Tips for Navigating the Chicago Industrial Market The Chicago industrial market is complex -- with strong tenant demand and many investors trying to secure space in a competitive market. At Mid-Year 2023, here are tips from Brown Commercial Group on how to navigate the market. Stay up-to-date with the latest developments in...
June 14, 2023 -- Chicago's O'Hare submarket is a top industrial submarket that has consistently drawn strong investment and leasing activity. It remains a key location for industrial tenants focusing on logistics, manufacturing and e-commerce activity. As such, it is a prime location for investors looking for long-term rent growth and price appreciation. As noted...
April 6, 2023 -- Brown Commercial Group recently negotiated two industrial building sales, totaling 48,171 square feet, in suburban Chicago, as featured in this France Media story. Principal Mike Antonelli, SIOR, and Broker Matt Hanson of Brown represented the sellers in both transactions, while Partner Trinity Scurto, SIOR, represented the buyers. In the first transaction, Bilmar...
April 2023 -- The DuPage County industrial market continues to attract investors and tenants looking for lower taxes (than Cook County) and access to O'Hare International Airport and surrounding transportation routes. As noted in this Illinois Real Estate Journals story, Brown Commercial Group Partner Mike Antonelli, SIOR, and Broker Matt Hanson represented the sellers in...
March 29, 2023 -- Industrial building sales continued at a steady pace in the first quarter of 2023, with investors capitalizing on the strong demand in the Chicago suburban market. According to this Daily Herald story,Brown Commercial Group negotiated two industrial building sales totaling 48,171 square feet, helping investors and buyers navigate a market that...
Industrial Market Outlook Q1 2023 Low Vacancy Rates Impact Deal Flow Despite a challenging economic climate, the Chicago industrial market continues to show resilience, with strong tenant demand and low vacancy rates characterizing the market. Landlords remain in the driver's seat as tenants search the market for space, particularly in the 100K SF and under category. Tenants...
February 21, 2023 -- Brown Commercial Group partner Trinity Scurto represented Advanced Metalcraft in nearly tripling its space in an O'Hare submarket lease. The company, a fabricator of precision metal components and assemblies, is moving from a 15,000-square-foot space in Franklin Park, IL to 44,600 square feet at 110 and 210 Gateway Rd. in Bensenville, IL. “This...
SEPTEMBER 7, 2022 -- Brown Commercial Group Partner Trinity Scurto achieved the SIOR industrial designation awarded by the Society of Industrial and Office REALTORS®. SIOR is a Washington, DC-based international professional organization of more than 3,600 commercial real estate professionals who earned the coveted SIOR designation. As noted in the Illinois Real Estate Journal, Scurto received the designation after...
June 29, 2022 -- Brown Commercial Group, Inc. continues to see strong activity in the Kane County submarket, recently completing a 31,898-square-foot industrial building sale at 411 Stone Road in St. Charles. Brown Commercial Group Partners Mike Antonelli and Trinity Scurto represented Premium East Properties LLC, a concrete contractor that is expanding its operation and moving from...
