Joliet Area

Chicago - IL USA - Industrial Submarket

Industrial real estate intelligence for the Joliet Area submarket. 117.9M SF of inventory with 5.9% vacancy. Data sourced from various MLS platforms.

117.9MSF

Inventory

9.1MSF

Available

5.9%

Vacancy

7.6%

Availability Rate

$7.61

Asking Rent

5.9%

Rent Growth

3.9MSF

12mo Absorption

2.2MSF

Under Construction

Market Metrics

12mo Delivered

1.3M SF

Under Constr % of Inv

1.9%%

Sale Price/SF

$100

Cap Rate

7.8%%

12mo Sales Volume

$325,643,963

Sales Vol Growth

59.8%

Asset Value

$11,955,162,904

Net Absorption

+3.9M 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 (5.9%) in Joliet Area suggests a balanced market with selective opportunities for data centre conversion or development. Active construction pipeline of 2.2M SF indicates developer confidence in the submarket. Positive net absorption of 3.9M SF over the past 12 months signals healthy demand fundamentals.