Most of the Chicago industrial space market’s positive demand momentum comes from tenants moving into newly completed facilities, while older properties maintain their higher-than-average occupancy rates. Whether a Chicago survey skews toward newer or older logistics or manufacturing properties, Chicago is still a landlord market, and at worst, it’s at least in balance.
Chicago’s newest industrial properties grab lion’s share of recent move-ins
While older facilities’ demand lags, their tight vacancy rates maintain their 'landlords’ market' status
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