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CHICAGO—Chicago’s industrial market has put together some solid quarters since the recovery began, but the second quarter of this year saw the most positive absorption in years, according to a study just released by NAI Hiffman. Net absorption totaled 5,688,263-square-feet between April and June, the highest tally since mid-2010. Furthermore, the overall vacancy rate improved by 18 bps during the quarter, decreasing to 8.09%, which NAI Hiffman terms “a rate that suggests a healthy, active market and encourages confidence in the market for landlords, investors, and developers.”


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