By the end of 2022, speculative industrial real estate construction sat at record highs in Chicago, while industrial leasing volume dropped from the peaks reached in 2021. These two factors commingling with a wave of interest rate hikes and a softening economy could be viewed as warnings that trouble lies ahead for Chicago’s industrial market.
Anemic Leasing and Capital Markets Slow Chicago's Industrial Market, but Shouldn't Break It
Elevated Industrial Inventory Should Put Chicago in Line With Historical Demand
By Rhea Stephen
CoStar Analytics
February 24, 2023 | 4:18 P.M.
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