• Midwest industrial vacancy increased just 0.1% over year-end 2018 to 3.8% in Q3 2019. 
  • Average asking rates increased 2.2% over year-end 2018, closing Q3 2019 at $4.84 per sq. ft. NNN.
  • New construction activity is strong, with 14.0 million sq. ft. completed in Q3 2019 and 43.1 million sq. ft. completed year-to-date. 54.2 million sq. ft. is underway with 46.5% pre-leased.
  • The Midwest markets posted 25.6 million sq. ft. of industrial lease and sale activity in Q3 2019, 59.0% of which was new leasing activity.