Chicago Area Industrial Property

Will Soaring Demand of Chicago-Area Industrial Property Keep up With Market Supply?

The Chicago-area industrial property vacancy rate increased to 6.85 in the third quarter, from 6.69 in the second quarter and from 6.75 percent a year earlier. According to market data, this is the second quarterly rise in a row as developers built more space than the market could absorb. Many developers are starting construction before…