Figures

Chicago Industrial Figures Q4 2025

January 12, 2026 10 Minute Read

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  • Chicago’s industrial availability rate increased to 8.9% in Q4 2025, up 40 basis points (bps) quarter-over-quarter and 90 bps year-over-year.

 

  • After a slight dip in Q3 2025, net average asking rents rebounded, increasing 1.4% to $8.64 PSF at year-end.

 

  • In Q4 2025, net absorption declined significantly to 494,761 SF, down from positive 2.4 million SF, bringing the year-to-date total to 5.7 million SF.

 

  • The construction pipeline reached its highest level since Q4 2023, with 43 projects totaling 13.2 million SF underway, driven largely by speculative development.

 

  • Leasing activity in Chicago’s industrial market totaled 14.7 million SF in Q4 2025, down slightly from Q3 2025 , as new leasing volume fell to 9.7 million SF, while renewals surged to 5 million SF.