I-88 West

Chicago - IL USA - Industrial Submarket

Industrial real estate intelligence for the I-88 West submarket. 87.5M SF of inventory with 5% vacancy. Data sourced from various MLS platforms.

87.5MSF

Inventory

7.2MSF

Available

Vacancy

8.1%

Availability Rate

$8.95

Asking Rent

4.6%

Rent Growth

112KSF

12mo Absorption

2.3MSF

Under Construction

Market Metrics

12mo Delivered

1.6M SF

Under Constr % of Inv

2.7%%

Sale Price/SF

$96

Cap Rate

8.1%%

12mo Sales Volume

$127,489,247

Sales Vol Growth

-61.9%

Asset Value

$8,638,426,910

Net Absorption

+112K SF

Recent DC Sales in Market

Property	Price	SF	Buyer
Lincoln Rackhouse Aurora Data Center	$17.3M	70,000	US Signal
CHI1/ Skybox Chicago I	$439.7M	189,240	DigiCo Infrastructure REIT
Demolished Property	$13.0M	62,402	Buyer 1 Seefried Industrial Properties, Inc. \| Buyer 2 Nuveen
CH3	-	305,000	GI Partners
CH2	-	336,000	GI Partners

Available DC Space in Market

Property	Avail SF	Rent	Owner
Four Overlook Point	863,403	$21.87 - 26.73 (Est.)	Woodcrest Capital LLC
1300 S 7th St	17,740	$5.34 - 15.12	Vance Kemege
McHenry Corporate Center IV	42,811	$6.00 - 12.50	Gold Drop
909 E Orchard St	31,640	$9.95 - 15.00	Fidelity National Financial, Inc.
Southgate Commerce Center	137,609	$5.92 - 7.24 (Est.)	Treetop Development

Data Centre Development Potential

Moderate vacancy (5%) in I-88 West suggests a balanced market with selective opportunities for data centre conversion or development. Active construction pipeline of 2.3M SF indicates developer confidence in the submarket. Positive net absorption of 112K SF over the past 12 months signals healthy demand fundamentals.