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Real Estate Trail
Institutional Press Wire
Connect CRE · Chicago · Industrial

Avison Young Tapped to Market East Pilsen Development

Via Connect CRE · August 24, 2026
Compiled by Real Estate Trail Editorial · August 24, 2026

Why this matters

Industrial has moved into a normalization phase after the 2020-2023 frenzy. Vacancies are up modestly, sublease space remains a watch item in the big-box logistics segment, and rent growth has shifted from double-digit to mid-single-digit. The long-term tailwinds — nearshoring, e-commerce penetration, infill scarcity — remain intact. Chicago capital flow has been concentrated in industrial along the I-55 and I-80 corridors and in the most select downtown trophy office submarkets. Multifamily transaction volume has moved up in the Near North and West Loop. Institutional capital is calibrating between core income and value-add basis plays as the cycle matures.

Editorial analysis · Real Estate Trail Editorial

On the RET wire

Computed from Real Estate Trail’s own tracked coverage

Excerpt from Connect CRE:
Avison Young has been retained by Chicago developer Podmajersky, Inc., led by John Podmajersky III, to market a new-construction industrial development at 2100 S. Canalport Ave. in East Pilsen. The project is designed…
Read the full article at Connect CRE

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