Location Characteristics: A driving force behind Chicago's industrial sector is its centralized location and unparalleled rail and highway connectivity as the only U.S. city to contain six Class 1 railroads. These geographic and infrastructural advantages help Chicago play a critical role in the many supply chains around the globe, allowing it consistently to maintain its ranking in the top five markets nationally for combined import and export activity.

Market Insight: The Chicago industrial market is home to 1.3 billion square feet of industrial product and a vacancy rate that currently sits at 5%. Strong leasing demand has allowed the market to keep its current vacancy rate low during the 2023 calendar year, as nearly 26.8 million square feet of new industrial product had been delivered to the market at year end. New completions are expected to drop to 5.6 million square feet in 2025.