Chicago Industrial Submarket Report –2020 Q1

Chicago’s industrial market saw the biggest gains in tertiary geographies due to large transactions. Positive demand drove absorption to 4.6 million square feet.

May 05, 2020

Vacancies hold steady at 6.1 percent while rents have grown to $5.26 net. Net absorption of 4.6 million square feet was driven by tenant demand in the 250-500,000 square-foot range and above 750,000 square feet.

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