• Midwest industrial vacancy decreased 0.2% over year-end 2020 to 3.9% in Q1 2021.

• Average asking lease rates were steady year-over-year at $5.17 per sq. ft. at the close of Q1 2021.

• Midwest construction activity remained strong in Q1 2021 with 82.1 million sq. ft. underway. 63.6% of current construction underway is already leased.

• The Midwest markets posted 49.2 million sq. ft. of industrial leasing activity in Q1 2021, 71.3% of which was new leasing activity.