How Industrial Industry in Chicago Ended 2016 on a High Note

Original Post | Re-post Cawley Chicago 1/10/17


Industrial real estate was one of the top performing sectors in Chicago last year and 2016 ended with one of the most active quarters ever…

Over 7.1M SF of industrial space was absorbed in Q4, three times the amount absorbed in Q3. 2016 netted 15.3M SF of total absorption, nearly equaling 2015’s 15.6M SF. The overall vacancy rate dropped 30 basis points in Q4 to 7.6%, and the Chicago market has seen 27 straight months of positive growth. During that time, 86.8M SF was absorbed and 62.1M SF has come online.

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