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Colliers International's Chicago office reports that the vacancy rate for big box buildings of more than 200,000 square feet declined by 54 basis points to 8.53% at the end of the first quarter of 2019.
Wage tax collections have steadily increased by 2.5% per year and have not been affected by the PBT, for 24 industries potentially affected by the tax, including supermarkets.
The first class of students graduated from the program on May 9, as part of the inaugural cohort of "Propel by Prologis." Prologis plans to continue CWI programming in Chicago later this year, the company reports.