FEATURED PROPERTY · Kenosha, Wisconsin
Somers Logistics Center
200,000–795,471 SF available · Industrial · Built 2023
Q3 2026 CHICAGO INDUSTRIAL
The market.
The movement.
The insight.
Q3 2026 Chicago Industrial Market Report
+6.8M SF quarterly net absorption Source: Overall Market, p. 3.
Download Full Q3 Report (PDF)44-PAGE PDF · 15.1 MB · FULL REPORT
Explore Interactive ResearchTHE QUARTER AT A GLANCE
CHICAGO METROPOLITAN MARKET / Q3 20265.09%
Vacancy rate
+25 bps quarter-over-quarter
+6.8M SF
Quarterly net absorption
15 of 18 submarkets positive
16.6M SF
Leasing activity
+2.0M SF quarter-over-quarter
8.29%
Availability rate
−17 bps quarter-over-quarter
Source: Q3 2026 Industrial Market Report, pp. 2–3. Selected figures rounded as in the report narrative.
View listing
FEATURED PROPERTY · Geneva, Illinois
Gateway Business Center
21,000–875,000 SF available · Build-to-suit opportunity
FEATURED PROPERTY · Mount Pleasant, Wisconsin
Enterprise Business Park
97,000–390,318 SF available · Industrial · Building VI · Built 2023
SELECTED LEE LISTINGS
01 / MARKET PERSPECTIVE
Broad demand.
A growing pipeline.
Chicago industrial demand remained broad in the third quarter, with positive absorption across 15 of 18 submarkets.
Leasing activity reached 16.6 million SF, up 2.0 million SF from the prior quarter. Vacancy rose while availability declined, leaving a mixed but constructive occupancy picture.
Space under construction increased to 17.5 million SF, while 2.1 million SF delivered during the quarter. The larger development pipeline remains an important part of the near-term supply backdrop.
Read the market overviewSource: Overall Market, p. 3.
02 / THE LOCAL PICTURE
One market. 18 perspectives.
Explore the underlying numbers.
All figures from the Q3 2026 report.
Compare vacancy and availability, then examine absorption, asking net rent and construction.
View source tableOverall market
CURRENT QUARTER · Q3 2026
Quarterly net absorption6,807,627 SF
Asking net rent$8.06 / SF
Under construction17,530,947 SF
Source: supplied report, p. 2. Current-rate bars: 0–15%. Values shown exactly as published.
Five-quarter perspective
Q3 2025–Q3 2026 · Q2–Q3 change below
Vacancy
Availability
Exact quarterly rates & trailing 12-month absorption
| Quarter | Vacancy | Availability | Trailing 12-month absorption (SF) |
|---|
Trailing 12-month absorption is distinct from the quarterly net absorption shown above. Changes use published rounded rates. Direction summarizes vacancy and availability: both falling = tightening; both rising = softening; opposing moves = mixed.
View all 18 submarkets as a table
| Submarket | Vacancy | Availability | Quarterly absorption (SF) | Asking net rent ($/SF) |
|---|---|---|---|---|
| Central DuPage | 3.36% | 5.77% | 0 | $13.76 |
| Chicago South | 4.58% | 8.50% | 219,656 | $8.75 |
| Fox Valley | 4.60% | 6.43% | 709,371 | $6.96 |
| I-55 Corridor | 5.99% | 12.60% | 1,233,871 | $7.50 |
| I-57 Corridor | 5.14% | 10.27% | 0 | $6.76 |
| I-80 Corridor/Joliet | 4.49% | 8.17% | 156,296 | $7.18 |
| I-88 Corridor | 6.22% | 7.85% | 485,690 | $8.48 |
| Lake County | 4.88% | 6.62% | 336,192 | $7.32 |
| North Cook | 4.88% | 7.79% | 379,390 | $13.89 |
| North DuPage | 3.22% | 7.93% | 268,639 | $9.61 |
| North Kane | 3.79% | 7.32% | 531,178 | $7.72 |
| Northwest Cook | 5.86% | 8.30% | 58,295 | $10.95 |
| Northwest Indiana | 2.80% | 5.48% | 475,740 | $7.70 |
| O'Hare | 3.98% | 7.60% | 1,194,530 | $9.34 |
| South Cook | 5.87% | 8.22% | 76,156 | $7.39 |
| Southeast Wisconsin | 7.34% | 8.18% | 895,587 | $5.87 |
| Southwest Cook | 5.24% | 7.76% | 79,692 | $5.90 |
| West Cook | 7.67% | 10.30% | -292,656 | $9.78 |
THE COMPLETE RESEARCH PUBLICATION03 / THE FULL REPORT
Local intelligence.
A wider perspective.
44 pages of proprietary research on Chicago’s industrial market, from overall market indicators to submarket performance, major transactions and development activity.
- 01 Market overview & key indicators
- 02 Submarket trends & market statistics
- 03 Notable leases, sales & development
PDF · 44 pages · 15.1 MB · Full report
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