Big Box Report – Chicago Market Update
Industrial construction activity continues to hover near all-time highs in Chicago at approximately 31.0 million SF. Given the robust construction pipeline, deliveries are expected to continue at an elevated pace through at least 2022 and consistent with national trends, the vast majority of both under-construction and recently delivered space is in the logistics segment. Eight other Chicago area submarkets have at least 1 million SF of industrial space underway, as the significant rise in the demand for space has pushed development up across the [...]