chi-RidgePort (2) RidgePort Logistics Center in Wilmington, IL. Ride Property Trust is developing a 1.5M square foot BTS here, the largest new project in the region.

CHICAGO—The vacancy rate among the Chicago region’s big box distribution buildings increased by 52 bps during the first quarter of 2017, the second quarter in a row with an uptick, according to Colliers International’s latest report on the sector. But the increase had more to do with the fast pace of new development, rather than a significant slowdown in leasing activity.