AJ LaTrace with Illinois Real Estate Journal interviewed Chicago’s biggest industrial developers about 2021 trends in the industry. Duke Realty’s own Susan Bergdoll, senior vice president and regional leader for Duke Realty’s Chicago, Minneapolis and Indianapolis markets, shared her insights on Chicago’s industrial market trends and the success Duke Realty has experienced in 2021.
“Like many in the Chicago industrial market, Duke Realty experienced a record breaking year. We landed two large build-to-suit developments in the first 60 days of the year, started construction on two speculative buildings, one leased prior to completion and the other is currently under negotiation. Additionally, we achieved a less than one percent vacancy rate in our 17.7 million-square-foot portfolio of existing properties,” said Bergdoll.
The article, Chicago’s biggest industrial developers discuss 2021 boom, predict continued rent growth in 2022, published November 16, 2021.
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