Research

Chicago Industrial Submarket Report – Q1 2021

Occupier demand improves driving down vacancy rates

May 17, 2021

The Chicago Industrial market continues to grow in Q1 2021 as vacancy rates fall, now at 5.4%. 13.7 million s.f. was leased this quarter, driven by two 1.0 million s.f. signings.

Speculative construction remains robust, delivering 2.3 million s.f. this quarter while another 2.7 million s.f. commenced construction. Asking net rents jumped $0.12 cents from the prior quarter to $5.39. Find out more on construction activity, developments, and what to expect for next in our report.

Fill out this form to download report

PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your inquiry.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.