"Large corporate consolidations in the I-55 Corridor greatlycontributed to the increase in vacancy rates in the far southwestsuburban submarket, in addition to a significant amount of newproduct that came online in the third quarter," says CB RichardEllis first vice president Dave Prioletti, SIOR. "Further adding tothis figure in the southwest market is the unexpected earlydeparture of Central American Warehouse, a 650,000-square-footproperty in the Carlow Corporate Center of Bolingbrook, with itsconsolidation into other existing leased and owned facilities."
Meanwhile, the strongest submarket is the near west suburbs,where the vacancy rate hovering at 7.2%.
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