Understanding Warehouse and Industrial Listing Rents in New Lenox, IL
In New Lenox, the average asking rent for industrial space can vary significantly due to various factors, such as location, property size, and quality rating.
For example, properties that are located close to high-capacity transport routes or cargo ports are always in high demand, which generally means higher rents. Similarly, larger warehouse or other industrial facility types can incur higher utilities and maintenance costs, which will ultimately be reflected in higher rents.
Class A or higher means tenants get some of the best quality industrial real estate available on the market and it tends to command the highest rents. It might be newly constructed property, or older industrial buildings that have been improved to meet or exceed modern standards.
Meanwhile, Class B and Class C industrial buildings are generally older real estate that lacks some of the most modern amenities. Rents for Class B and Class C properties tend to be lower than the A tier, but due to age might incur higher upkeep and maintenance costs, which can offset the rent savings.
Breakdown of Industrial Buildings in New Lenox, IL by Year Built
- 1950 - 2000
10
- After 2000
8
The data was provided by Yardi Research Data and refers to industrial properties larger than 25,000 square feet.
Breakdown of Industrial Space in New Lenox, IL by Year Built
- 1950 - 2000
668,065 Sq.Ft.
- After 2000
1,091,695 Sq.Ft.
When weighing the cost-to-quality ratio, consider that several of these factors can work together to balance or offset each other in terms of the final cost to your budget. You can easily reach out to the property listing broker using the contact form available for each listing, to find out more about what each property has to offer.
The New Lenox, IL Industrial Real Estate Market at a Glance
Industrial real estate in New Lenox includes a variety of property types, which can suit businesses of different sizes that operate in various industries. The most common types of industrial property anywhere serve either logistics or manufacturing activities and each of them can offer sub-varieties that offer facilities specialized for particular types of handling or storage.
In New Lenox, the most common industrial property type on the leasing market is Warehouse/Distribution. Currently, you can find 2 such listing(s) in New Lenox. Listing sizes for this property type start at 158,742 square feet.
Use Type
No. of Listings
Total Sq.Ft.
Warehouse/Distribution
2
362,003
2301 Ellis Ct, New Lenox, IL
2 of 6
3 of 6
4 of 6
5 of 6
6 of 6
2700 Ellis Road, Joliet, IL