05/27/2026
After a strong run-up, DuPage County industrial lease rates are showing signs of normalization:
• Asking rents climbed from the low $10.00 range in 2023 to a peak near $11.75/SF in early 2025
• Since that peak, rates have gradually softened into the low $11.00 range
• The recent trend points to a more balanced, less aggressive leasing environment
What this means:
For landlords — the days of pushing rents quarter after quarter have eased. Leasing strategy, tenant quality, and deal structure are now the differentiators.
For tenants — there is more leverage in the market today than there was 12–18 months ago, particularly on second-generation space and longer-term deals.
The key theme:
The market isn’t weak—but it is no longer accelerating.
If you’re planning a lease renewal, evaluating vacancy, or considering repositioning a building, timing and strategy matter more right now than headline rent numbers.
Happy to share comps or talk through how this applies to your specific property.
