“Insatiable Demand” In Chicago For Industrial Space

August 25, 2021


Chicago’s scorching industrial market blazed on in 2021’s second quarter, and when Taylor Johnson client NAI Hiffman produced its mid-year research on the sector, we knew it would kindle reporters’ interest. Chicago Business Journal shared the report’s highlights first, including a 5.28% vacancy, down from 5.76% in the first quarter; 9.7 million square feet of absorption, the most in five years; and 68 new developments currently under construction. Read the full report here and the Chicago Business Journal article here.

 

NAI Hiffman’s Chicago Industrial Market Watch details Chicago’s red-hot industrial market at mid-year, including a 5.28% vacancy rate.


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