Welcome To Our Website!

Welcome to the website of Bruce Granger and Associates of Grubb & Ellis. Our focus is to provide professional real estate services to our clients. We serve both the Chicago area and Midwest region. The objective of each of our three team members is to provide quality information so that informed real estate decisions can be made. We look forward to working with you!

A Message for July.

The year 2009 is already shaping up to be a year of challenges. World economic woes have impacted the northwest Chicago suburban industrial market. With vacancies pushing 10%, the highest in decades, the market is clearly a tenants' market. While there is still activity in the market place due to the diverse Chicago area economy, there is clearly a slowing in real estate activity. Here are a couple trends or observations for the first quarter of 09:

1.) Some industries are still doing well such as medical and restoration companies.

2.) Machine tool industry is seeing consolidations so that those surviving are seeing business pick up.

3.) Companies are getting very creative with managing resources (i.e. staggering work shifts, four day work weeks, etc.).

4.) Many tenants are renewing for two to three year periods to see what the business climate looks like at that point in time.

5.) Industrial building sales activity has been slowed by companies 'sitting-tight' and not expanding as well as lenders' requirements keeping people at bay.

6.) In a fluctuating economy, "value" is determined by what someone will pay and what someone will accept at that moment in time.

The year 2009 will be a year of survival as well as opportunities for many. Please feel free to contact us if we may assist your real estate decisions. We can assist you with updated market value, contraction or expansion options, sale lease backs, and other real estate alternatives.