• Midwest industrial vacancy increased just 0.2% over year-end 2020 to 4.0% in Q3 2020.

• Average asking rates were steady over year-end 2019, closing Q3 2020 at $4.88 per sq. ft. NNN.

• New construction activity is strong, with 27.4 million sq. ft. completed in Q3 2020. An additional 69.8 million sq. ft. is underway with 34.8% pre-leased.

• The Midwest markets posted 34.7 million sq. ft. of industrial leasing activity in Q3 2020, 71.3% of which was new leasing activity.