Market Overview
In Chicago, industrial properties for sale are averaging a cap rate of 8.05%. The city's average cap rate moved in the opposite direction from the state over the first three quarters of 2026, rising +45 bps from 7.60% in Q1 2026 to 8.05% by Q3 2026, while Illinois as a whole held nearly flat at around 8.41% in Q1 2026 and 8.32% in Q3 2026.
- The average price per square foot for Chicago industrial properties for sale is currently $172, and the city has consistently priced above the state average, which ranged from $130 to $134 per square foot across the same period, compared to Chicago's range of $146 to $173 per square foot.
- Active listings in Chicago fell gradually from 195 in Q1 2026 to 182 by Q3 2026, a steady contraction in available inventory over that span, while Illinois-wide listings held relatively flat between 765 and 799 over the same period.
- The average size of Chicago industrial properties for sale is currently 40,080 SF, and the average trended downward across the tracked months, moving from 51,513 square feet in Q1 2026 to 40,203 square feet in Q3 2026, with the largest available property currently reaching 550,000 SF.
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