Episode 26: Strictly Business

We’re back with episode 26 and a lively discussion with Josh Grodzin of the Elk Grove Village Strictly Business Podcast. George Cutro, Chad Buch and Brian Carroll, an experienced broker who’s worked in the Elk Grove Village market for the last 35 years, were invited to join Josh on his latest episode. Listen as we recount the dynamics of the O’Hare market, the diversity of businesses in Elk Grove Village and why it’s enticing to future tenants. Thanks to Josh and his team for inviting us on his podcast. Listen and subscribe, and check out Strictly Business for more details about Elk Grove Village. 2:02: Elk Grove Village alone is 40 million square feet of industrial properties which automatically makes it bigger than eight of the other Chicagoland submarkets. 3:20: It’s a fun and diverse marketplace and the village is going through a renaissance. 6:00: Understand your lease expiration date and start looking for space at least a year in advance. 7:00: According to JLL’s lease activity dashboard, 50 percent of all the deals in the O’Hare market are between 20,000 to 50,000 square feet. 8:40: When we conduct business ambassador visits, our local businesses say their biggest issue is not always taxes: it’s workforce. 10:50: Progressive Rail offers customer-focused rail service to industrial businesses in the village. 13:16: Elk Grove Village’s TIF District and our goal is to be beyond business-friendly. 14:40: Developers have focused on infill redevelopment and the O’Hare market is ideal for these “closer-in” sites for faster delivery. 18:18: ComEd upgrading substations which is bringing massive power improvements to the village. 18:51: A lot of foreign investment coming into the market along I-90, MC Machinery Systems and Yamazen.