Near South Cook
Chicago - IL USA - Industrial Submarket
Industrial real estate intelligence for the Near South Cook submarket. 53.2M SF of inventory with 5.8% vacancy. Data sourced from various MLS platforms.
53.2MSF
Inventory
4.1MSF
Available
5.8%
Vacancy
7.6%
Availability Rate
$10.22
Asking Rent
4.0%
Rent Growth
410KSF
12mo Absorption
0SF
Under Construction
Market Metrics
12mo Delivered
7K SF
Under Constr % of Inv
0.0%%
Sale Price/SF
$85
Cap Rate
7.8%%
12mo Sales Volume
$124,213,505
Sales Vol Growth
-41.1%
Asset Value
$4,503,198,960
Net Absorption
+410K 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 (5.8%) in Near South Cook suggests a balanced market with selective opportunities for data centre conversion or development. Positive net absorption of 410K SF over the past 12 months signals healthy demand fundamentals.
Other Submarkets in Chicago - IL USA
Evaluating Near South Cook for Development?
Our advisory team provides site-specific analysis including power availability, zoning, and financial modeling.
Data sourced from various MLS platforms. Industrial market data for informational purposes. Professional due diligence recommended.