We are starting to see market activity pick up in Chicago. More industrial real estate users are in the market and existing industrial tenants are more willing to negotiate longer terms leases than they were a year ago.
Tenants have taken advantage of weak market conditions for landlords locking in very aggressive rental rates and or free rent offered by landlords. Grubb & Ellis will be publishing our quarterly market trends for the Chicago industrial real estate market soon.
A great resource for industrial real estate market information for Chicago and the United States can be found at industrialrealestateinfo.com