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Chicago’s downtown and urban industrial market tenants seem to herd toward older properties

Unlike their suburban peers, these occupiers choose location over building amenities and specs

Queued for 2024 fall completion, Chicago-based Logistics Property’s 1.2 million-square-foot, multistory distribution center at 1237 W. Division St. in Chicago is still fully available mid-September. (CoStar)
Queued for 2024 fall completion, Chicago-based Logistics Property’s 1.2 million-square-foot, multistory distribution center at 1237 W. Division St. in Chicago is still fully available mid-September. (CoStar)

Chicago’s downtown and nearby infill locations for industrial space buck the overall Windy City trend to prefer recently built properties over legacy ones — where older properties near population centers post stronger demand metrics than their younger peers. As such, these near-urban core occupiers’ key space deliverables prize these sites for last-mile distribution and convenient access to their customer base.

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