fbpx
August 2023

REmark – Chicago Industrial Market Nationwide Comparison

Chicago Industrial Market

Over the past 12 months, Chicago has seen 24.4 million square feet of positive net absorption, ranking second among all markets nationally, while maintaining the second lowest vacancy (4.2%) of the 7 largest markets.

Some of the larger coastal markets have seen a significant dip in demand, including both Los Angeles and the Inland Empire in California, as well as the New York/New Jersey marketplace, as import volume from China continues to slow.

However, Chicago remains uniquely positioned for continued growth, as its centralized location and expansive transportation infrastructure match the growing need for regionally controlled shipping and logistics.

For more information, please contact:

Nick Schlanger
Research Director
630-691-0600
nschlanger@hiffman.com


 

About NAI Hiffman:

NAI Hiffman is one of the largest independent commercial real estate services firms in the US, with a primary focus on metropolitan Chicago, and part of the NAI Global network. We provide institutional and private leasing, property management, tenant representation, capital markets, project services, research, and marketing services for owners and occupiers of commercial real estate. To meet our clients’ growing needs outside of our exclusive NAI Hiffman territory, we launched Hiffman National, our dedicated property solutions division, which provides property management, project services, and property accounting services across the country. NAI Hiffman | Hiffman National is an award winning company headquartered in suburban Chicago, with more than 250 employees strategically located throughout North America.

About Hiffman National:

Hiffman National is one of the US’s largest independent commercial real estate property management firms, providing institutional and private clients exceptional customized solutions for property management, project management, property accounting, lease administration, marketing, and research. The firm’s comprehensive property management platform and attentive approach to service contribute to successful life-long relationships and client satisfaction. As a nationally bestowed Top Workplace, and recognized CRE award winner, Hiffman National is headquartered in suburban Chicago, with more than 250 employees nationally and an additional six hub locations and 25 satellite offices across North America.

Recent Blog Posts

Brokerage
News
Research
Warehouse Construction Slackens in Chicago Area
June 2024

Warehouse Construction Slackens in Chicago Area

Awards & Honors
Culture
Events
News
Hiffman enjoys wins at Illinois RE Journals Awards
June 2024

Hiffman enjoys wins at Illinois RE Journals Awards

News
Research
Hiffman Releases Q1 2024 Construction Pipeline Report
May 2024

Hiffman Releases Q1 2024 Construction Pipeline Report