Chicago industrial absorption positive for 20th consecutive quarter

Chicago’s industrial market recorded 3.7 million square feet of net absorption during the fi rst quarter of 2017. This represents 20 quarters in a row where the net absorption total has been positive, a sign of continued positive demand. Accordingly, the vacancy rate improved by 11 basis points between January and March, dipping to 6.6 percent, the lowest rate recorded since the third quarter of 2001.

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