• Midwest industrial vacancy increased just 0.1% to 3.8% in Q2 2019. 
  • Average asking rates increased 1.0% over year-end 2018, closing Q2 2019 at $4.79 per sq. ft. NNN.
  • New construction activity is strong, with 19.2 million sq. ft. completed in Q2 2019. 54.2 million sq. ft. is underway with 46.5% pre-leased.
  • The Midwest markets posted 22.1 million sq. ft. of industrial lease and sale activity in Q2 2019, 62.8% of which was new leasing activity.