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In general, the Chicago metropolitan area industrial market appears to be improving with higher transaction volumes, positive absorption levels and an improvement in occupancy levels. Low interest rates have permitted a compression in capitalization rates which is helping to support property values. Rental rates have remained flat so should interest rates start to rise, some of the gains in the industrial market could be at risk. We also note that many of the market improvements are inconsistent with some areas showing virtually no improvement.

Peterson Appraisal Group specializes in commercial real property appraisal in the Chicago Metropolitan Area. We are not home appraisers that occasionally attempt to appraise a commercial property. We have extensive appraisal experience in a broad class of commercial properties (including fractional interest appraisals ) for estate valuation purposes .

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