Dermody Breaks Ground on 357,619 SF Logistics Center in Berkeley, Illinois
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
- The 59th Chicago story tracked on the wire in September 2026. All Chicago coverage →
- Disclosed industrial deal value tracked in September 2026: $5.3B across 43 reported transactions. All Industrial coverage →
Computed from Real Estate Trail’s own tracked coverage
BERKELEY, ILL. — Dermody has broken ground on the LogistiCenter at Berkeley, a 357,619-square-foot facility at 5300 St. Charles Road in Berkeley, a western suburb of Chicago. The project is a redevelopment of an older…
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