How Industrial Industry in Chicago Ended 2016 on a High Note

Original Post www.BisNow.com | Re-post Cawley Chicago 1/10/17

77599_1440091231_amazon-bisnow-large

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.

Click to read more…

Advertisements
About

Our company helps business and property owners understand, create and maximize value in commercial real estate portfolios.

Posted in Uncategorized

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Blog Stats
  • 6,269 hits
%d bloggers like this: