From empty spaces to thriving places: the surging of Chicago industrial rental growth
![](/documents/91120/193648628/REVISED+FINAL+Chicago+indusrial+data+bite+9.19.23_2.png/c82fc6ce-4cd7-86ae-a363-ec8cabc4408b?t=1695147610327)
Chart shows the rebound of Chicago industrial leasing and boost in rental rates
- Rental rates have continued to rise, increasing 24.0% since Q1 2020 due to strong tenant demand and low vacancy within the Chicago industrial market.
- The South I-55 Corridor, I-80 Corridor and the O’Hare submarkets accounted for 44.0% of total leasing volume from 2020 through Q2 2023, totaling 87.0 msf.
- Big box leases in the I-80 Corridor have seen rental growth nearly double since the start of the pandemic.
August 28, 2023
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