Chicago Industrial Submarket Report – Q4 2021

Absorption tops 2019 and 2020’s totals combined

February 07, 2022
  • George Cutro

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.

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