The majority of third-quarter absorption occurred in the I-55_I-80 SW Corridor.
The Chicago industrial market maintained its momentum in the third quarter, with e-commerce driving much of the activity in the region. The local industrial rate fell to 7.2 percent last quarter, down from 7.4 percent in second-quarter 2015, according to the newly released market report from Taylor Johnson client Transwestern. And despite slight gains in asking rents, demand for space continued to climb, with quarter-over-quarter absorption more than doubling from 1.6 million square feet to 3.3 million square feet - the 17th consecutive quarter with positive absorption. You can read more about Chicago-area industrial activity in this GlobeSt.com story.
