Northwest Cook
Chicago - IL USA - Industrial Submarket
Industrial real estate intelligence for the Northwest Cook submarket. 45.2M SF of inventory with 6.8% vacancy. Data sourced from various MLS platforms.
45.2MSF
Inventory
3.9MSF
Available
6.8%
Vacancy
8.4%
Availability Rate
$12.63
Asking Rent
4.0%
Rent Growth
-659,949SF
12mo Absorption
2.0MSF
Under Construction
Market Metrics
12mo Delivered
291K SF
Under Constr % of Inv
4.4%%
Sale Price/SF
$124
Cap Rate
8.0%%
12mo Sales Volume
$304,446,526
Sales Vol Growth
182.1%
Asset Value
$5,842,636,406
Net Absorption
-659,949 SF
Recent DC Sales in Market
| Property | Price | SF | Buyer |
|---|---|---|---|
| Lincoln Rackhouse Aurora Data Center | $17.3M | 70,000 | US Signal |
| 8425 N 114th St | $2.6M | 232,663 | |
| Houston One | - | 118,248 | Safanad |
| Multi-Property Sale | - | 232,663 | |
| Multi-Property Sale | - | 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 |
| 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 |
| 909 E Orchard St | 31,640 | $9.95 - 15.00 | Fidelity National Financial, Inc. |
Data Centre Development Potential
Moderate vacancy (6.8%) in Northwest Cook suggests a balanced market with selective opportunities for data centre conversion or development. Active construction pipeline of 2.0M SF indicates developer confidence in the submarket. Negative absorption of 660K SF over 12 months warrants caution, though this may create discounted acquisition opportunities.
Other Submarkets in Chicago - IL USA
Evaluating Northwest 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.