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Industrial vacancies are at historic lows in the Chicago region, dropping 50 basis points over the second quarter to 4.9%, as asking net rents jump and year-to-date net absorption swells. 

A new report from JLL shows that activity picked up considerably along the I-55 corridor in the Windy City, pushing vacancy to the lowest level since Q3 2016. Year-to-date absorption in the market is 3 million square feet stronger year-over-year, while direct asking rents increased to $5.49 per square foot and sublease asking rents stayed steady at $5.30 per square foot.

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