Thank you for sharing!

Your article was successfully shared with the contacts you provided.
David Freidland

All signs point to a robust year ahead for the Chicago industrial market according to Cushman & Wakefield’s Head of Midwest Industrial David Freidland. Vacancy rates have decreased from 6.8% this time last year to 5.5% at the end of Q4 2018. With the lack of space comes increased rental rates. In Q4 2017 rental rates averaged $5.08 per square foot, while Q4 2018 rental rates increased to $5.45 per square foot. Add to this a low unemployment rate – 4% in Chicago – and the ever increasing ecommerce sector, and Chicago industrial is set for another banner year.


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 © 2019 ALM Media Properties, LLC. All Rights Reserved.