Thursday, September 20, 2012

I-55 Corridor Vacancy Rates

Vacancy rates for A class and B class buildings in the I-55 corridor sub market in Chicago where we track over 270 buildings totalling just over 60 million square feet is at 13.34% in the third quarter.

Recent activity in Chicago industrial real estate market includes three new spec buildings. DCT is has the walls going on 1160 W. Crossroads for a 600,000 square foot distribution center. ML Realty has announced that they will be putting up a 121,800sf multi tenant building at 143rd street and I-355 in Lockport at ML Realty new park, Heritage Crossings. Aryza Bakery is taking the rest Ryan Developments land in Boldt Park for a 275k sf build to suit. Right across from DCT's 600ksf spec building.

Activity has been strong on my business park, Union Pointe in Woodridge. We have seen a lot of activity for build to suits ranging from 100ksf-400ksf.

Please visit the real estate news tab for Chicago industrial real estate market information.

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