Chicago Industrial Submarket Report – Q4 2021
Absorption tops 2019 and 2020’s totals combined
- George Cutro
- Chad Buch
- Paul Marsh
Chicago's overall vacancy continues to compress into historically low territory falling to 3.5%. With nearly 46 million s.f. of absorption for the year, we have hit a new high water mark. Several large corporate occupiers expanded within the market, taking on additional space either for safety stock inventory or to keep up with robust consumer spending.