BY THE NUMBERS
CHICAGO—More than 18 million square feet of new industrial product was delivered in Chicago last year. The current pipeline contains just under 20.8 million square feet, as developers work to meet sustained, robust tenant demand, according to Cushman & Wakefield. The company's research department is tracking tenants looking for roughly 20 million square feet of industrial space in Chicago, “indicating market fundamentals such as leasing activity and absorption will continue to improve in the coming months.”
NEWS & NOTABLES
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