Welcome to Episode 8.5 of Real Time, JLL Chicago’s industrial podcast. In this episode, the team previews the Chicago market’s third quarter industrial statistics, breaking down everything from vacancy and absorption to investment sales and intermodal traffic. The highlights:
- Vacancy’s up, but the good news is it’s due to spec deliveries
- Two million-square-footers going up in I-80 – that’s never happened before!
- A million-square-foot deal remains elusive this year, but things are ramping up post summer slowdown
- Intermodal traffic is up, which is a positive sign for big box demand
Keep your eyes peeled for a detailed submarket report in the coming weeks!
Listen to this three-minute podcast with the player above or click here.
Full Q3 2017 Research report here.