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‘Driving The Market’: Private Capital’s Impact On Chicago And The Midwest

JLL - Capital Markets
Unsplash/Lance Anderson

Commercial real estate deals in the Windy City and elsewhere have had their share of headwinds the last few years, but they have also had a little breeze at their backs thanks to private investors.

Private capital accounted for 73% of the total market in 2023 and 65% year to date in CRE transactions below $50M, said David Gaines, a managing director in JLL’s Capital Markets Group and co-head of the Private Capital Group.

Gaines said all major asset classes are benefiting from this infusion of private capital, with 33% of the volume in industrial, 24% in retail, 23% in apartments and 20% in office.

Bisnow spoke with Gaines to learn how this trend is playing out in Chicago and what advice he has for investors and developers.

 
Related Topics: David Gaines, JLL, StudioB-1961

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For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500 company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 110,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYS(SM). JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.

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