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Decoding Chicago's Industrial Vacancy​

11/27/2023

The Chicago industrial market remains extremely tight with vacancy rates hovering near historic lows. Though vacancy is now beginning to rise, this uptick is not a true depiction of market conditions – the spike is being driven by an outsized oversupply of big-box (500,000 sf+) inventory. 

This study examines the composition of current market conditions and how vacancy would change if all product under construction delivered at current preleasing levels. The vacancy rates reflected in this analysis account for only space that is vacant available. 

Our latest report takes a deep dive into: 

  • Vacancy by Building 
  • Share of Current Vacancy 
  • Share of Forecasted Vacancy 
  • Vacancy by Building Type 
  • Sublease Availability 
  • Submarket Breakdown 

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