22900 S Center Rd, Frankfort, IL – Development Land
Golden Group Real Estate is pleased to announce the sale of 68 acres of land, zoned I-1 and suitable for a variety type of industrial uses. The site is located at 22900 S Center Rd, Frankfort, IL, in the Frankfort Industrial Park. It has easy access to I-57 and in the close proximity to downtown [...]
15330-15350 Cicero Ave, Oak Forest, IL 60452 – Industrial Portfolio
Golden Group Real Estate is pleased to announce the sale of a 2-building industrial portfolio located at 15330-15350 Cicero Ave, Oak Forest, IL. A larger building of 9,000 SF was formerly used as an auto body shop. A smaller building of 2,500 SF was used as a retail auto sales business. The parking yard is [...]
November 2022 Market Update
Warehouse demand is cooling down from red hot to medium hot. Industrial vacancy ticked up in the third quarter from 3% to 3.2%, as developers completed a record 148 million square feet. Warehouse tenants occupied 108 million square feet in the quarter, down 18% from the prior three months, in the first national quarterly decline [...]
1104-1120 E Oak St, DeKalb, IL 60115 – Industrial Portfolio
Golden Group Real Estate is pleased to announce the sale of 3 industrial buildings portfolio totaling 64,400 SF, located at 1104-1120 E. Oak St, DeKalb, IL. Here is what the Seller Mr. Tom Edwards of T & T Properties, LLC has to say about his experience working with Golden Group Real Estate: Asking you and [...]
May 2022 Market Update
The industrial sector is booming. 40 million SF more space has been leased than vacated over the past year in the Chicago industrial market, nearly double the previous record for absorption. Chicago-area vacancy is just 4.4% overall. From Q1 2020, industrial prices are up 30% and industrial rents are up 20%. Retail monthly leasing activity [...]
Confidential Listing – Gas Station With Convenience Store
Golden Group Real Estate recently sold a well-established gas station and convenience store in the South-East of Illinois. The sale included both commercial real estate assets and a thriving business with $3 million in gross sales. The firm secured multiple offers from local and out-of-state buyers in just a few weeks of marketing. The seller [...]
March 2022 Market Update
The multifamily market appears poised for another solid year in 2022, although it’s unlikely to match 2021’s exceptional performance. Some $166 billion of multifamily transactions were completed in 2021, up 75% from 2020. After asking rents rose 13.5% nationally in 2021, rent growth will probably be closer to 5% in 2022. With occupancy rates near [...]
3100-3104 S Homan Ave, Chicago – Industrial Portfolio
Golden Group Real Estate is pleased to announce the portfolio sale of 2 industrial buildings in the Little Village neighborhood of Chicago: 3100-3104 S Homan Ave, Chicago. The portfolio included a 12,000 SF vacant building and a 7,000 SF building occupied by an MPE-owned manufacturing steel business. The next day after putting the properties on [...]
October 2021 Market Update
Strong demand for apartments has driven rent back up to pre-pandemic levels in Chicagoland. In the second quarter, tenants rented 10,000 additional units, the most in ten 10 years. The rental activity was concentrated in the suburbs, as households continued to seek larger, lower-cost apartments. The average rent in Chicagoland is $1,550/month, and the average [...]
September 2021 Market Update
There is no end in sight for the post-COVID industrial real estate boom. Chicagoland industrial vacancy fell to 6.2% in Q2, as tenants leased more than 15 million SF - the most ever in a single quarter. Net absorption and new construction have also surpassed all previous market records. Nationally, the average asking price for [...]
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