2019 Q1 Chicago Industrial Big Box Report

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Big Box Vacancy Drops Due to Significant Leasing

The vacancy rate in modern big box buildings greater than 200,000 square feet decreased by an impressive 54 basis points during the first quarter of 2019 to 8.53 percent, the lowest vacancy rate among big box product since the second quarter of 2017. 

New leases and lease expansions signed between January and March totaled 4.9 million square feet among 23 leases, the greatest new leasing activity total in two quarters, and a 31 percent year-over-year increase when compared to the 3.7 million square feet of new leasing activity recorded in the first quarter of 2018.


Industrial Big Box Report Chicago

2019 Q1 Chicago Industrial Big Box Report

Download Report