Spring Market Review
March 14th, 2017 | Categories: The Real Estate Market
Smaller industrial property inventories (2,000-35,000 square feet) have been reduced over the last quarter of 2016 and continuing in 2017. Although prevalent in the entire Chicago six county market, it has been noticeably recognized in the CCR specialty area in the Northwest suburbs. Our current market intelligence from all industrial/commercial association brokers at our monthly meetings and ongoing in co-broker transactions has been consistent. Vacancies have substantially reduced and prices are going back up.
Recognizing our position in the industrial/commercial real estate market, as a small firm, the CCR formula for success, as illustrated in our most recent transaction summary, has been to provide concentrated and non-conflicting service to our clients. We are selectively soliciting new listings and search assignments and we are providing honest experienced guidance. We believe the most effective real estate service to provide the best financial client deal is “just in time” service.
It has always been important, but in this time of volatile market conditions, responsive and dedicated action is paramount to deal success. Deal killers like distractions from assignment overload, corporate misdirection and conflicting real estate brokerage affiliations are inherent in the industrial commercial business. CCR’s small firm model has allowed us to avoid these missteps and has provided continued competitive success.
Please feel free to contact us for any current industrial/commercial real estate information.