X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

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.”

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.