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.
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 1.24 billion square feet of product and a declining vacancy rate that currently sits at 4.4% - a record-breaking low. Strong leasing demand has allowed the market to lower its current vacancy rate to historical lows during the 2021 calendar year into 2022 even as nearly 13.2 million square feet of new product has been delivered to the market.
Plymouth Industrial REIT is a full service, vertically integrated real estate investment company focused on the acquisition, ownership and management of single and multi-tenant industrial properties. Our mission is to provide tenants with cost effective space that is functional, flexible and safe.
