• Midwest industrial vacancy increased just 0.1% over year-end 2018 to 3.8% in Q4 2019. 
  • Average asking rates increased 4.6% over year-end 2018, closing Q4 2019 at $4.96 per sq. ft. NNN.
  • New construction activity is strong, with 13.9 million sq. ft. completed in Q4 2019 and 56.5 million sq. ft. completed year-to-date. 65.7 million sq. ft. is underway with 34.8% pre-leased.
  • The Midwest markets posted 22.6 million sq. ft. of industrial lease and sale activity in Q4 2019, 56.3% of which was new leasing activity.