NWI industrial vacancy rate lower than rest of Chicagoland

Press Mentions

Northwest Indiana has one of the lowest industrial vacancy rates in the Chicago metropolitan market, which just posted its strongest industrial absorption rate in four years, with 9 million square feet leased or purchased between January and March.

The vacancy rate in the greater metro area dropped 54 basis points over the past year to 7.05 percent, and should drop below 7 percent for the first time in 15 years, according to a Colliers International quarterly report. The Chicago industrial market hasn’t absorbed so much industrial real estate since 2011.

Read the full NWI Times article here.