Warehouse demand brings attention to South Side properties – Chicago Sun-Times

But the Chicago area’s industrial appeal is still something to behold. The real estate firm Colliers said in 2022, the area led the nation in net industrial leasing, with 40.6 million square feet absorbed. Colliers said the demand allowed rental rates to increase 14% during the year. Most of the action was in big-box warehouses that sprawl near Interstates 55 and 80. But Colliers said rent hikes were greatest in so-called “infill” city sites.