The Chicago industrial real estate market, surpassed in importance only by the Southern California region, is demonstrating great resilience heading into 2023 with leasing demand remaining strong, according to research published Wednesday by real estate services firm Colliers International Group Inc.
That’s the good news. The not-so-good news is that “taking rents” — rents that tenants accept after a landlord’s initial proposal and follow-up negotiations — will remain elevated following a 14%...
https://www.freightwaves.com/news/chicago-industrial-real-estate-powers-through-fed-rate-hikes