Welcome to Episode 11.5 of Real Time, JLL Chicago’s industrial podcast. In this episode, the team previews the Chicago market’s fourth quarter industrial statistics, breaking down everything from vacancy and absorption to investment sales and construction deliveries. The highlights:
- Q4 saw 9 million square feet of absorption, accounting for ALMOST HALF of 2017’s 18.9 million square feet of absorption
- In a marquee year for development, we saw 26 million square feet in construction deliveries, including four million-square-footers!
- Vacancy inched back down to 7.25 percent
- Investors’ insatiable appetite for industrial assets continues to grow, leading to 47 million square feet of investment sales in 2017
Keep your eyes peeled for a detailed submarket report in the coming weeks!
Listen to this six-minute podcast with the player above or click here.
Q4 2017 industrial insight and stats.
Our 2017 Year-End Industrial Market Notes here.