Quarterly Industrial Market Update
Lowest vacancy rate in over two decades Chicago’s industrial market is still as hot as ever, with an astounding 40.3 million of direct net SF positively absorbed into it year over year according to CoStar. This level of demand formation is almost double the high set for Chicago in 2004 (24 million SF) and almost twice the average levels seen over the past five years. Leasing activity metro wide took a dip so far into 2022 from the highs of [...]