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Midwest Speculative Construction Report

David Hoebbel • 5/3/2022
Speculative construction is by its very definition, a risk. Many developers wonder: if we build it, will tenants come?

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In the last six years, major Midwest markets saw heightened demand for bulk warehouse space. In turn, 200 million square feet (msf) of speculative product was delivered, with nearly 90.0% occupancy as of Q1 2022. The Midwest Speculative Construction Report analyzes speculative construction in Chicago, Cincinnati, Columbus, Indianapolis, Kansas City and St. Louis. Specifically, each market takes a deep dive into: 

  • Speculative bulk occupancy
  • Number of buildings completed
  • Square feet delivered 
  • Average building size
  • Number of developers involved
  • Number of current tenants 

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