The key to O’Hare’s potency: Tenant diversity

There are plenty of big box industrial properties surrounding O’Hare. But the Chicago metro’s most active industrial submarket is defined by smaller, older infill product. It’s a diverse ecosystem that has worked for years.

This is mostly out of necessity of course, as the acres surround one of the world’s busiest airports have been occupied by industrial buildings for decades. But it’s also about demand; users drawn to the area are not the same ones occupying 350,000 square feet in a Will County greenfield development.

“The types of tenants, generally speaking, that would go into a new, larger, state-of-the-art big box distribution center are different than those that would go into the smaller, existing, multi-tenant buildings,” said Cliff Booth, president and CEO, Westmount Realty Capital.

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