Top 20 industrial leases in Chicago over the past two years: Major players and prime locations
- Over the past two years, the 20 largest leases signed in Chicago have amounted to a total of 20.8 msf. The I-80 corridor submarket has been particularly active, accounting for 9.5 msf of leased space, which is nearly 46% of the total leasing activity.
- The I-80 corridor, is a vital east-west transportation route linking Chicago to major population centers nationwide. The highway system, combined with access to North America’s largest inland port and the UP and BNSF intermodals, enhances its appeal to logistics companies. It’s strategic location and extensive inventory of industrial space make it a key hub for business aiming to distribute goods across the country.
- Large companies such as Samsung, Target, GE, Unilever and Dart Container are fueling this activity. Each of these tenants signed new leases for distribution facilities throughout Chicago.
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