The overall amount of vacant space in the Greater Chicagoland Industrial market continued
to decrease at the mid-year mark of 2015. An uptick in tenant demand during the second
quarter contributed to an improved rate of 7.82% of 1.2 billion square feet of industrial
inventory remaining vacant throughout Chicagoland, Northwest Indiana, and Southeast
Wisconsin. The vacancy rate of the Greater Chicago Metro market, excluding the
submarkets of Northwest Indiana and Southeast Wisconsin, fell fourteen basis points since
the previous quarter to 7.73%, the lowest level since the first quarter of 2007 when it
decreased to 7.68%.