Local warehouse owners continued traveling back in time during the third quarter, watching their proportion of unused space plunge to a 12-year low.
Propelled by a few huge leases, the Chicago area’s industrial vacancy rate fell to 8 percent during the period, the lowest since first-quarter 2002, according to Seattle-based Colliers International. Vacancy fell from 8.4 percent in the second quarter, which had been the lowest mark since pre-recession 2006.
Read more in Crain’s Chicago Business.
Share new hires, promotions and employee accolades with the region's business leaders.
Up-to-the-minute business news, thoughtful analysis and valuable strategic insights for Milwaukee and Southeastern Wisconsin business leaders.
Copyright © 2025 BizTimes - Milwaukee Business News. All Rights Reserved.
Holiday flash sale!
Limited time offer. New subscribers only.
Subscribe to BizTimes Milwaukee and save 40%
Holiday flash sale! Subscribe to BizTimes and save 40%!
Limited time offer. New subscribers only.
