ChicagoChart of the week: August 10, 2015

Source: JLL Research

Industrial users trek north for modern product

• The current patterns of industrial development in Southeast Wisconsin share many parallels with the trends that occurred in bordering Lake County, IL. From 1980 to 2000, Lake County’s growth was driven by users migrating out of the 1950-1970’s vintage building stock and higher tax regimes in the North Cook County submarket.

• Following CenterPoint’s groundbreaking of Lakeview Corporate Park in 1990 and through the end of 2009, the Southeast Wisconsin submarket added close to 19 million square feet of industrial space. Since 2010, industrial inventory in the submarket has increased by 11.1 percent and the pace of development continues to accelerate.

1950 - 1959 1960 - 1969 1970 - 1979 1980 - 1989 1990 - 1999 2000 - 2009 2010+0 sf

5,000,000 sf

10,000,000 sf

15,000,000 sf

20,000,000 sf

25,000,000 sf

30,000,000 sf

Southeast WisconsinLake CountyNorth Cook

13.2%

5.5%

10.7%

10.4%

37.1%

50.1%

79.5%

North I-94 Corridor

His

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al In

dust

rial D

evel

opm

ent S

hare

(sf

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