Key Largo - I totally agree with your numbers and observations, that is why all of the business expansion in Illinois defies logic.
Warehouse and distribution is still classified as Industrial Space.
In 2015-16 Illinois - Mostly on the I-80 &55 corridor, 87 new companies moved in from other states.
In 2016, Q2 &3 = 17.3 Million square feet of industrial buildings being developed.
The old Joliet Arsenal Property is nearly full due to the growth of the BNSF Inter-modal.
Wilmington, Elwood and Joliet are adding 1000’s of new jobs to staff the building boom.
It is crazy and does not make any sense, but it is the reality of what is going on with business growth in Illinois.
Once the CREATE project untangles and unjams the bowels of Chicago's freight yards and facilitates movement through the area, it will become even more desirable as a location for distribution.