With demand up and supply down it is only natural for prices to increase but lets dig into the reasons for demand with Brad Bullington.
Key points:
- Price per square foot in the Elk Grove Village Market
- Causes of inventory shrinking
- Consequences of the pandemic in the industrial market
- Price change increase over the past year
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Brad Bullington is the leading Broker in the O’Hare commercial real estate market, a territory that he has represented and specialized in since graduating from college in 1998. Home to the largest industrial park in the world, the O’Hare market, specifically Elk Grove Village, is continually attracting new businesses. Thousands of owners, investors, buyers, sellers, and tenants see the value in easily accommodated cargo operations, a unique and sufficient rail infrastructure, and a prime, centralized location.
Most notably, Brad has successfully transacted multi million dollars worth of real estate, totaling several million square feet. He has represented clients on a multitude of property types, including industrial, office, retail, healthcare, technology, land, and logistics.
Clients and developers from across the globe seek out Brad’s guidance when they are ready to relocate or expand their business to the O’Hare marketplace. They know his level of expertise is unparalleled and his commitment to his clients unmatched.They rely on his thorough feasibility studies to gauge the future success or failure of their projects. As the local market expert, he can easily prepare business evaluations, cash flow analysis on specific properties, assist with location selection, and provide cash flow analysis.
Brad’s intimate knowledge of the area he serves also allows him to easily and swiftly predict future commercial real estate trends. During the most recent economic downturn, as property values fell and many companies downsized or closed their doors, Brad remained a steadfast leader in the marketplace. Knowing that he needed to position himself ahead of his competitors to remain in business himself, he aligned himself with local banking institutions to dispose of their assets. They trusted him to assist them when they needed it the most, and Brad’s willingness to change the entire course of his business highlights his dedication to this ever changing industry.
Most notably, Brad has assisted a multitude of property owners in decreasing their property taxes by 60% over a 13 year period. He has also been highly successful in helping buyers obtain the 6B tax abatement, offered by Elk Grove Village.
Brad has been featured in numerous publications, including the Daily Herald, the Elk Grove Book, The Deal Sheet, and the Real Estate Journal.
