Chicago rental rates inched up, vacancy mostly unchanged despite impacts of COVID-19 on greater economy.

While Illinois has taken measured steps to slowly reopen its economy that was put on hold since mid-March, uncertainty has persisted through the third quarter across all classes of real estate throughout Greater Chicago. Nevertheless, the industrial asset class exhibited resilience in the wake of the pandemic. Tenant demand remained relatively strong. As one of the world’s largest and most diversified economies, Chicago is able to sustain its industrial market.

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