Research

Chicago Industrial Submarket Overview – Q2 2019

Fundamentals on track despite economic uncertainty

July 29, 2019

Chicago’s leading industrial research team has released our official Q2 2019 market report—timely, accurate data you can count on. In the second quarter, two leases were signed in the 500-750,000 square-foot size range - the last time this occurred was the third quarter 2018. Despite the uptick in leasing volume, Chicago’s vacancy rate did not budge from the first quarter rate of 6.3 percent. Net absorption measured 3.9 million square feet, a considerable improvement from the 1.3 million square feet reported in quarter one.

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