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: Chicago’s industrial market continues to expand, with South Will County leading new development, adding 37.5 million square feet since 2015. Asking rents have climbed 2.1% over the past year to $6.64, supported by a long-term annual growth rate of 3.8%. Absorption is expected to average 6.9 million square feet per year through 2026, alongside 11 million square feet of new construction. Chicago remains a vital center for industrial activity as vacancy rates decline to projected 5.2%.