Industrial development anticipated to accelerate in 2016 After closing out 2015 with 19.1 million square feet of industrial deliveries, the Chicago industrial market is headed toward an even larger expansion in the coming year. The current development pipeline suggests that new industrial deliveries could approach 23.6 million square feet by year end. We expect 15.7 million square feet of speculative completions in 2016 a significant leap from the 9.4 million square feet delivered last year that is outpacing the current built-to-suit pipeline by a near two to one ratio. At present build-to-suit development is being largely driven by manufacturers and food and beverage users which have already committed to 2.7 and 1.9 million square feet respectively.

1. Chicago
Chart of the week: January 11, 2016
Source: JLL Research
Industrial development anticipated to
accelerate in 2016
2.9
3.9
3.0
10.6
12.3
19.1
12.8
5.0
5.8
0.0
5.0
10.0
15.0
20.0
25.0
2010 2011 2012 2013 2014 2015 2016
Planned
Sitework Underway
Under Construction
Completed
Squarefeetinmillions
• After closing out 2015 with 19.1 million square feet of industrial deliveries, the Chicago industrial market
is headed toward an even larger expansion in the coming year. The current development pipeline
suggests that new industrial deliveries could approach 23.6 million square feet by year end.
• We expect 15.7 million square feet of speculative completions in 2016 a significant leap from the 9.4
million square feet delivered last year that is outpacing the current built-to-suit pipeline by a near two to
one ratio.
• At present build-to-suit development is being largely driven by manufacturers and food and beverage
users which have already committed to 2.7 and 1.9 million square feet respectively.