Tight Chicago Industrial Markets Attract High Demand, New Construction

Tight Chicago Industrial Markets Attract High Demand, New Construction

Chicago’s industrial market is one of the nation’s leaders in the recovery from the recession, with class-A availability rates falling and rent increases encouraging not only build-to-suit construction, but even speculative development across submarkets.

The year started off right for the local market, with the vacancy rate falling to 8.2 percent in the first quarter, the lowest mark since late 2001. Increased activity in Midwest manufacturing helped

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