Thank you for sharing!

Your article was successfully shared with the contacts you provided.
chi-RidgePort (2) RidgePort Logistics Center in Wilmington, IL. Ridge Property Trust has developed a 1.5M square foot BTS here, the largest new project in the Chicago region.

CHICAGO—The North American big-box sector just finished another historic year, largely due to a healthy US economy that continued to expand, and the seemingly unstoppable rise of e-commerce, which now accounts for 10% of non-auto retail sales.

Overall net absorption hit an all-time high of 116 million square feet in 2017, 2.4% higher than the previous year, according to Colliers International’s latest Big Box Market Report, a series of studies that track the sector, comprised of distribution buildings with more than 200,000 square feet and clear heights of 28’ or greater. Record amounts of absorption kept the overall vacancy rate at an all-time low of 6.9% despite developers creating 128 million square feet of new space, a new record for the sector.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Brian J. Rogal

Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.

More from this author


GlobeSt. NET LEASE Fall 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.