Healthy Economy Means Warehouse Space in Chicago is Harder to Find

A sure sign that the economy is healthy and thriving is the amount of available commercial or industrial real estate on the market. Amenity-rich, easily accessible and affordable Warehouse space in Chicago is getting tougher to find in this market. Several pieces of recent data have shown us that the amount of available space and that the time it takes to sell that space are both down. Also, that the industrial real estate market is enjoying a five-year win streak. These factors are making it difficult for companies searching for suitable warehouse space in the Chicago area.

Online retailers and shipping firms have increased the need for conveniently located warehouse space. Now that our economy is stabilizing Americans are buying more furniture, large appliances and other goods than they have in a decade. More companies are finding that they need a warehouse or industrial space to serve their customers successfully. And they need this space to be accessible to major expressways, railways, and airports. This means there are more tenants searching for available space in all of the same areas. But the right space is not easy to find. According to a recent article in Crain’s Chicago Business, “after dropping for seven quarters in a row, the vacancy rate is now at its lowest level since third-quarter 2001”.

Another statistic that shows how tough it is for warehouse tenants currently is that the industrial real estate market is on a five-year winning streak. A study published this week states “nearly 4.3 million square feet of industrial space was absorbed during the first quarter of 2015 in the Chicago market”. (Source) And 83% of that square footage sold was warehouse and distribution space. While this is good news for real estate professionals and building owners, it’s bad news for companies looking for a new lease.

Owners of warehouse space are finding that it’s taking fewer days to move their property. A recent CoStar report stated that properties in the first month of 2015 “sat on the market for an average of 390 days…down from an average of 417 days in January of 2013.” It’s more important than ever to make sure that you do your research and homework before starting out down the road of searching for warehouse space. With fewer suitable options, you must ensure that you can find a location that will make things easier on your business operations. With such a strong market, you may also see higher prices for spaces that do come available or fewer amenities and perks for tenants.

A Solution to your Warehouse Space Problem on the North Side

The Bradley Business Center is your answer to the problem of finding spectacular warehouse space in this busy market. Located on the North Side of Chicago, our spaces offer proximity to O’Hare airport and the Kennedy Expressway. Our agent will work with you to discuss lease options that will best suit your budget and growth potential. We offer amenities such as a fitness center, technology solutions to help with operations and ample parking for you and your customers. Please contact us to learn more and to find out how you can get situated in your new location at the Bradley Business Center while our amazing warehouse space is still available. We look forward to helping you in this busy market!

Warehouse Space on Chicago’s North Side

Planning for and operating a warehouse space is quite an undertaking. It requires research, calculations and many discussions with your team. The warehouse space is often the backbone of a business and the wrong location can lead to loss of profits, workforce and customers. The Bradley Business Center can offer your company superior warehouse space. We are easily accessible on Chicago’s north side and feature a number of amenities that will be attractive to both your bottom line and your staff.

3 Highlights of Bradley Business Center Warehouse Space

  1. Location

We are located on Chicago’s north side, a bustling area with a large workforce. A strong neighborhood is important to attracting new team members. Within close proximity to the Bradley Center you will find access to major highways and public transportation, making it more than easy to get to and from our warehouse space. We are approximately 20 minutes from O’Hare International Airport, which can help reduce items like fuel costs for your company.

  1. Ideal Layout

Publications such as The Warehouse Management Handbook, offer very specific guidelines for the type of layout you will need in your space. Our facilities feature loading docks access and can allow you to create separate entrances for your shipping and office areas. Spaces in the Bradley Center have 16-foot ceilings and we currently have spaces available from 18K-114K sq ft, making us an ideal home for small to medium sized warehouse spaces.

  1. Amenities

The Bradley Center offers you the amenities you need to maintain a great working environment and successful operations. Here are just a few examples of the kinds of amenities you will enjoy with our warehouse space:

  • 1 Ton of Undistributed HVAC per 1000 sq. ft.
  • 1 Skylight per 5000 sq. ft.
  • 1 Bathroom stall per 5000 sq. ft.
  • New Roof
  • Fitness Center
  • Ample Parking
  • Onsite Building Management
  • Exceptional Power Supply

Affordable and accessible warehouse space is just a call away. Contact our leasing representative to learn more about our facilities, location and our flexible leasing programs. Work like you live, in your new warehouse space, at Bradley Business Center.