• Midwest industrial vacancy stayed steady at 3.7% in Q1 2019. 
  • Average asking rates increased 1.2% over year-end 2018, closing Q1 2019 at $4.80 per sq. ft. NNN.
  • New construction activity is strong, with 9.9 million sq. ft. completed in Q1 2019. 55.6 million sq. ft. is underway with 50.5% pre-leased.
  • The Midwest markets posted 19.8 million sq. ft. of industrial lease and sale activity in Q1 2019, 59% of which was new leasing activity.