Chicago Industrial Market Bests 19-Year Vacancy Low

November 1, 2019


Industrial continues to be the darling of commercial real estate, particularly in Chicago, where the local vacancy rate dropped to 4.9% in the third quarter, its lowest level in nearly two decades, according to TJ client Cushman & Wakefield‘s “Chicago Q3 Industrial Market Snapshot.” With e-commerce driving demand for large distribution centers with easy access to consumers, signs are good for another year of growth for Chicago-area industrial, Cushman reports. Knowing the firm’s research would be of interest to media, TJ summarized the report’s findings and helped to secure coverage in numerous outlets including GlobeSt.comConnect Chicago and RE Journals.

Industrial continues to be the darling of commercial real estate, particularly in Chicago, where the local vacancy rate dropped to 4.9% in the third quarter, its lowest level in nearly two decades, according to TJ client Cushman & Wakefield’s “Chicago Q3 Industrial Market Snapshot.” With e-commerce driving demand for large distribution centers with easy access to consumers, signs are good for another year of growth for Chicago-area industrial, Cushman reports. Knowing the firm’s research would be of interest to media, TJ summarized the report’s findings and helped to secure coverage in numerous outlets including GlobeSt.com, Connect Chicago and RE Journals.


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