206, 210-212 E Irving Park Rd, Wood Dale – 4-Building Retail Portfolio
Golden Group Real Estate is pleased to announce the sale of a great value-add investment opportunity: a portfolio of four adjacent retail buildings at 206, 210-212 E Irving Park Rd and adjacent apartment/restaurant building in Wood Dale, IL. Golden Group Real Estate represented a seller in this sale-leaseback offering. The portfolio generates a high net [...]
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 [...]
1807-1817 Broadway St, Pekin, IL – Shopping Plaza
Golden Group Real Estate is pleased to announce the sale of Broadway Plaza shopping center located at 1807-1817 Broadway St, Pekin, IL. The firm represented the Seller and the Buyer in the sale of this 83.3% occupied value-add investment opportunity. We received multiple offers from local and out of state investors within the first months [...]
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 [...]
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 [...]
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 [...]
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