Chicago has secured its position as the second-largest electric vehicle (EV) market in the United States, according to a recent industrial tenant demand report by JLL. In Q3, Chicago saw a record-breaking delivery of 12.8 million square feet of commercial space – the highest volume since Q1 1999. This surge was largely driven by major retailers such as Target and Amazon, who respectively occupied 1.4 million and 700,000 square feet in key corridors.
Governor JB Pritzker’s implementation of pro-EV state policies has further solidified Illinois’ status as an attractive destination for EV-related investments and developments. With abundant natural resources, ample property availability, and favorable labor demographics in Chicagoland area make it an ideal location for such ventures.
Notable recent projects include Gotion’s multibillion-dollar facility and TCCI’s EV Innovation Hub located in Decatur. As demand from EV battery manufacturers continues to rise along with other car manufacturers actively seeking sites within Illinois region is expected to see significant growth opportunities within this booming industry.
The article “JLL Report Shows Chicago Is #2 EV Market in the Nation” originally appeared on Connect CRE.
