North Cook
Chicago - IL USA - Industrial Submarket
Industrial real estate intelligence for the North Cook submarket. 55.5M SF of inventory with 6.6% vacancy. Data sourced from various MLS platforms.
55.5MSF
Inventory
4.7MSF
Available
6.6%
Vacancy
8.5%
Availability Rate
$12.34
Asking Rent
4.0%
Rent Growth
162KSF
12mo Absorption
0SF
Under Construction
Market Metrics
12mo Delivered
352K SF
Under Constr % of Inv
0.0%%
Sale Price/SF
$113
Cap Rate
8.0%%
12mo Sales Volume
$264,810,467
Sales Vol Growth
63.7%
Asset Value
$6,282,341,147
Net Absorption
+162K SF
Recent DC Sales in Market
| Property | Price | SF | Buyer |
|---|---|---|---|
| SFO1 | $119.3M | 26,900 | Buyer 1 Altum Digital Infrastructure | Buyer 2 Igneo Infrastructure Partners |
| Lincoln Rackhouse Aurora Data Center | $17.3M | 70,000 | US Signal |
| 4495 Low Latency Ln | - | 200,000 | - |
| 4495 Low Latency Ln | - | 200,000 | - |
| 8425 N 114th St | $2.6M | 232,663 |
Available DC Space in Market
| Property | Avail SF | Rent | Owner |
|---|---|---|---|
| Four Overlook Point | 863,403 | $21.87 - 26.73 (Est.) | Woodcrest Capital LLC |
| Building D | 20,678 | $10.86 - 13.27 (Est.) | Entrada Partners |
| 1300 S 7th St | 17,740 | $5.34 - 15.12 | Vance Kemege |
| The Falchi Building | 272,217 | $23.00 | Savanna Real Estate Fund |
| McHenry Corporate Center IV | 42,811 | $6.00 - 12.50 | Gold Drop |
Data Centre Development Potential
Moderate vacancy (6.6%) in North Cook suggests a balanced market with selective opportunities for data centre conversion or development. Positive net absorption of 162K SF over the past 12 months signals healthy demand fundamentals.
Other Submarkets in Chicago - IL USA
Evaluating North 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.