BRIAN TADER President, Managing Director Lee & Associates Of Illinois

Transcription

1 BRIAN TADER President, Managing Director Lee & Associates Of Illinois

2 Current Available Buildings Chicago Market Address Submarket Name City RBA / GLA SF Available Graaskamp Blvd Joliet Area Ind RidgePort Logistics Center Wilmington 1,078, , Youngs Rd Joliet Area Ind Joliet 1,001, , S Weber Rd South I-55 Corridor Ind Building III Bolingbrook 602, , Northwest Ave West Cook North Ind Cross Dock Facility Northlake 588, Gougar Rd S Joliet Area Ind Buiding #8 Lockport 512, , Mitchell Rd Central Kane / DuPage Ind Building 2 North Aurora 429, , Falcon Ct Northest Cook Ind Streamwood 423, , W 47th St North I-55 Corridor Ind Facilty #2 McCook 353, , S Pulaski Rd South Chicago Ind Chicago 316, , W 47th St North I-55 Corridor Ind Facilty #1 McCook 312, , Burnet Dr North Kane / I-90 Ind Prairie Business Park III Gilberts 375, , Alft Ct North Kane / I-90 Ind Elgin 246, , Corporate Blvd I-88 West Ind Aurora 238, , W 47th St North I-55 Corridor Ind McCook 226, , E Park Ave South Lake County Ind Bridgepoint 94 Corporate Park Libertyville 220, , N Delany Rd North Lake County Ind Building A Waukegan 218, ,500

3 Top Transactions of 2015 Address City SF Leased Tenant 4005 Cedar Creek Dr Elwood 1,388,000 Mars Candy 2550 Logistics Dr Elwood 1,114,575 Saddle Creek Logistics Services Fairview Dr Dekalb 987,000 3M Company Oak Park Ave Tinley Park 915,653 M Block & Sons, Inc. 740 N Prologis Pkwy Romeoville 805,943 Kimberly-Clark Corporation 3851 Youngs Rd Joliet 752,410 Whirlpool 1070 Windham Pkwy Romeoville 723,291 PAE 790 Taylor Rd Romeoville 672, Orchard Gtwy Aurora 604,565 Midwest Warehouse & Distribution 1101 W Taylor Rd Romeoville 541,123 Ozburn-Hessey Logistics, LLC 825 Bluff Rd Romeoville 500,160 Wm Wrigley Jr. Company 2850 Duke Pkwy Aurora 499,154 Fellowes, Inc. 815 Bluff Rd Romeoville 490,420 The Central American Group 401 E Laraway Rd Joliet 475,104 Amazon.com, Inc. 351 Internationale Dr Bolingbrook 434,992 Sony Music Distribution

4 Top Ten Industrial Developers Company Name Market Share RBA Number of Buildings Total Office Ind Flex Retail 1. Caleast Global Logistics, LLC 29.7% 2,502, Venture One Real Estate, LLC 11.7% 987, Hillwood 8.9% 746, McShane Development Co. 8.8% 741, Seefried Properties, Inc. 7.7% 650, Bridge Development Partners, LLC 7.4% 626, Realterm Global 6.4% 539, Panattoni Development Company 6.0% 502, DCT Industrial Trust 5.5% 462, N3 Properties Inc 2.7% 226, All Others 5.3% 450, Total 8,436, Report totals include all property types from the current results.

5 Buildings Currently Under Construction Address Submarket Name City RBA / GLA 4005 Cedar Creek Dr Joliet Area Ind Mars / Wrigley Elwood 1,388, Logistics Dr Joliet Area Ind Saddle Creek Logistics Elwood 1,114,575 Fairview Dr Central Kane / DuPage Ind 3M Dekalb 987, Emerald Rd Joliet Area Ind Hillwood Spec Joliet 746, Bridge Dr North Lake County Ind Spec Building I Waukegan 626,848 1 O Hare International Airport O Hare Ind Phase I Chicago 539, Duke Pkwy I-88 West Ind Aurora 499, Ferry Rd I-88 West Ind Butterfield Corporate Park Aurora 402, Sequoia Dr I-88 West Ind Spec Warehouse Aurora 375, E North Ave North DuPage Ind Carol Stream 350,000 Remington Schmidt Rd South I-55 Corridor Ind Spec Building 2 Bolingbrook 320,914 Frontage Mound Rd Joliet Area Ind Heartland Corporate Center - Bldg A Shorewood 318, Enterprise Cir Central Kane / DuPage Ind West Chicago 299, Sequoia Dr I-88 West Ind Victory Packaging Aurora 275, S John Lane Crossing Joliet Area Ind Phase I, Building 1 Lockport 228, Normantown Rd W South I-55 Corridor Ind 1881 Normantown Rd Plainfield 226, W Jarvis Ave North Cook Ind Niles 217, Airport Rd South I-55 Corridor Ind Great Kitchens - Arysta Expansion Romeoville 188, Regency Dr North DuPage Ind Glendale Heights 186,680 Remington Rd South I-55 Corridor Ind Spec Building 3 Bolingbrook 162, North Wind Pkwy Indiana Ind 6451 NorthWind Pky Hobart 159,813

6 Construction Starts Construction Deliveries Construction Deliveries

7 Absorption, Deliveries, Vacancy Chicago Market

8 Annual Net Absorption Chicago Market

9 Net Absorption Last 5 Years O Hare vs. I-55 vs. North DuPage O Hare

10 Vacancy Rate Last 5 Years O Hare vs. I-55 vs. North DuPage O Hare

11 Land Sales By Dollars Spent Sales Volume Sales Volume Sales Volume I-88 I-55 O Hare

12 Where are We Going? Capitalization rates still at historic lows Construction pricing going up Roofing up 20% since 2014 due to energy code regulation of R-25 insulation Concrete costs up 15% in last 18 months Precast up 25% in last 12 months due to material cost and limited supply Precast suppliers are booking September/October 2016 deliveries now Rental rates increasing in certain submarkets and across the Chicago market Abundance of capital still in market Institutions looking to invest in Chicago area

13 Vacancy & Rental Rates

14 Capitalization Rates: New Buildings Last Five Years

15 Who is Buying New Buildings?

16 Top Buyers I-55

17 Top Buyers O Hare

18 Top Buyers N. DuPage

19 Top Buyers I-88

20 Thoughts for 2016 and Beyond Where we are at in Cycle The Last Mile e-commerce Demand = Supply Election Cycle Geo Political Events