South Chicago

Chicago - IL USA - Industrial Submarket

Industrial real estate intelligence for the South Chicago submarket. 121.6M SF of inventory with 5.3% vacancy. Data sourced from various MLS platforms.

121.6MSF

Inventory

11.3MSF

Available

5.3%

Vacancy

9.2%

Availability Rate

$10.64

Asking Rent

3.7%

Rent Growth

-393,399SF

12mo Absorption

1.2MSF

Under Construction

Market Metrics

12mo Delivered

375K SF

Under Constr % of Inv

1.0%%

Sale Price/SF

$84

Cap Rate

8.2%%

12mo Sales Volume

$129,292,541

Sales Vol Growth

-38.4%

Asset Value

$10,268,915,000

Net Absorption

-393,399 SF

Recent DC Sales in Market

Property	Price	SF	Buyer
Peraton	$46.3M	195,965	Buyer 1 Altum Digital Infrastructure \| Buyer 2 Igneo Infrastructure Partners
Lincoln Rackhouse Aurora Data Center	$17.3M	70,000	US Signal
3199 Pilot Knob Rd	$10.0M	248,482	Swervo Development Corporation
Fort Worth Data Center/DFW1	-	133,298	CSquare
4202 Fidelity St	-	425,720	Industrial Realty Group, LLC

Available DC Space in Market

Property	Avail SF	Rent	Owner
Four Overlook Point	863,403	$21.87 - 26.73 (Est.)	Woodcrest Capital LLC
CityPlex Towers 20, 30, & 60	350,444	$14.00 - 19.00	Oral Roberts University
1300 S 7th St	17,740	$5.34 - 15.12	Vance Kemege
McHenry Corporate Center IV	42,811	$6.00 - 12.50	Gold Drop
Omnis Data Center	15,070	$21.00	Omnis Network, LLC

Data Centre Development Potential

Moderate vacancy (5.3%) in South Chicago suggests a balanced market with selective opportunities for data centre conversion or development. Active construction pipeline of 1.2M SF indicates developer confidence in the submarket. Negative absorption of 393K SF over 12 months warrants caution, though this may create discounted acquisition opportunities.