Source: Bisnow

The demand for new big-box distribution facilities provided much of the fuel for the Chicago region’s industrial market in 2018, and that demand shows no signs of weakening. New leasing activity for the sector totaled a robust 16.4M SF during the year, the greatest annual total since the end of the great recession, according to a new report from Colliers International.
The firm defines big-box facilities as buildings 200K SF or larger, and with ceiling heights of at least 28-foot clear.   
Developers also kept up a fast pace of new construction, including for build-to-suits, keeping the vacancy rate mostly steady throughout…


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