• Midwest industrial vacancy decreased 0.2% over year-end 2020 to 3.8% in Q2 2021.

• Average asking lease rates were steady year-over-year at $5.19 per sq. ft. at the close of Q2 2021.

• Midwest construction activity remained strong in Q2 2021 with 95.2 million sq. ft. underway. 44.7% of current construction underway is already leased.

• The Midwest markets posted 52.2 million sq. ft. of industrial leasing activity in Q2 2021, 70.2% of which was new leasing activity.