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CHICAGO-Newer properties, as well as a lack of new construction, has kept vacancy rates in the Northwest/DuPage industrial submarkets steady at about 12%, according to the local Cushman & Wakefield of Illinois Inc. team. Three brokers with the group there tell GlobeSt.com that they have closed half a million square feet in the past six months, and have another million square feet about to close in 60-to-90 days.

Executive Director Britt Casey, Director Al Caruana and Associate Director Michael Hawryluk have been closing deals in the submarket even during the down market. The team specializes in industrial real estate within DuPage and Kane counties, Fox Valley and the O’Hare submarkets, between Interstates 88 and 90, and west of I-355. This isn’t a big-box area, with buildings in the 200,000 square foot to 500,000 square foot range.

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