North Lake County

Chicago - IL USA - Industrial Submarket

Industrial real estate intelligence for the North Lake County submarket. 44.2M SF of inventory with 5.4% vacancy. Data sourced from various MLS platforms.

44.2MSF

Inventory

2.9MSF

Available

5.4%

Vacancy

6.6%

Availability Rate

$9.43

Asking Rent

4.4%

Rent Growth

765KSF

12mo Absorption

85KSF

Under Construction

Market Metrics

12mo Delivered

44K SF

Under Constr % of Inv

0.2%%

Sale Price/SF

$94

Cap Rate

8.2%%

12mo Sales Volume

$138,256,128

Sales Vol Growth

75.6%

Asset Value

$4,151,827,294

Net Absorption

+765K 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	Google

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 (5.4%) in North Lake County suggests a balanced market with selective opportunities for data centre conversion or development. Active construction pipeline of 85K SF indicates developer confidence in the submarket. Positive net absorption of 765K SF over the past 12 months signals healthy demand fundamentals.