fbpx
June 2017

REmark: A Look Inside the Growth of Chicago’s Industrial Market

Over the past 5 years, Chicago’s construction deliveries have been on the rise, adding nearly 63.5 million SF to the market. Since the beginning of 2012, the industrial market has seen a 4% increase in overall square footage, bringing the market to a total of more than 1.2 billion SF. Sustaining the delivery of new buildings, year-over-year absorption has continually kept up with this new supply, as net absorption has been above 10.0 million SF annually since 2011 and over 20 million SF in each of the last two years. With over 17 million SF under construction set to deliver over the next 12-18 months, and net absorption already in excess of 5.6 million in Q1 alone,  it would appear that the trends of these past two years will continue though the balance of 2017.

Recent Blog Posts

Awards & Honors
Brokerage
News
Aubrey Englund Named Top Broker by ConnectCRE
March 2024

Aubrey Englund Named Top Broker by ConnectCRE

Awards & Honors
Brokerage
News
Leahy/Roth Team Named Top Broker Team by ConnectCRE
March 2024

Leahy/Roth Team Named Top Broker Team by ConnectCRE

Brokerage
News
Thought Leadership
Opinion: Why Illinois is Right for Manufacturers
March 2024

Opinion: Why Illinois is Right for Manufacturers