• Leasing activity for industrial spaces between 10,000 and 80,000 square feet in Chicago is at the highest level observed since 2008. Feeling renewed confidence in the economy, users in the small- to mid-sized segment are becoming more aggressive in their search for new space.

• At present there are at least 45 active small- to mid-sized requirements out in the market, seeking an average of 44,273 square feet. Both tenant demand and leasing activity for the segment is primarily concentrated within the O’Hare, Central DuPage, and Lake County submarkets.

ChicagoChart of the week: October 19, 2015

Source: JLL Research

Industrial leasing activity in small- to mid-sized segment gaining momentum

Q3 2007 Q3 2008 Q3 2009 Q3 2010 Q3 2011 Q3 2012 Q3 2013 Q3 2014 Q3 20153,000,000

6,000,000

9,000,000

YTD lease volume of industrial space under 80,000 s.f.

250 deals, 8.4 m.s.f. 185 deals,

6.5 m.s.f.