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Lee & Associates report: Chicago industrial market still second Chicago's industrial market maintained significant growth in 2024, though the market has seen a reset towards a new normal from the historic pace set during
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Read the Full Report: Report Insights:According to Chicago's industrial market continues to shine in 2023, as persistent demand continues to drive substantial leasing and robust new development.
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Home values in Illinois continue to increase in 2025, with a persistent shortage of listings resulting in a supply-constrained market. The Chicago market recorded 9.9 million square feet of new leasing activity in the third quarter, bringing the year-to-date total to 28 million The overall average asking lease rate in the Chicago market decreased to $8.52 PSF in Q3 2025, marking the first decline since Q3 2023 and a 1.7% drop quarter-
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Chicago's industrial market remains resilient, with leasing activity on track to exceed last year's total. Although construction activity has declined 55% since Industrial Gaskets Market Report 2024 Read the Full Report: Report Insights:
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