Category: Business Climate
Absorption Positive for Suburban Office, Negative Downtown
Published by: NAI Hiffman Market Reviews
Suburban Office Market Vacancy Rate: 19.67%
Net absorption in the suburban office market outpaced the downtown office market during the first quarter of the year, as it has done for six of the past eight quarters. Between January and March, 272,607 SF of vacant space was absorbed through continued leasing activity and user sales, pushing the vacancy rate down 21 basis points from last quarter to 19.67%, the lowest vacancy rate recorded in the suburban office market in more than five years. Continue readingCenterPoint Properties Chooses DuPage for Work/Life Balance, Accessibility
CenterPoint Properties, located in Oakbrook, Illinois focuses on the development, acquisition and management of industrial property and transportation infrastructure that enhances business and government supply chain efficiency. For more than 20 years, CenterPoint has added value to its customers through forward-thinking solutions aimed at enhancing supply chain and operating efficiencies. Continue reading
DuPage County Accounts for Approximately 8% of Illinois’ Overall Private Sector Growth
Governor Quinn recently announced an independent study has identified Illinois as having one of the most thriving private sectors in the nation. The report stated that Illinois created 14% (18,000 plus) net private-sector business establishments from 2009-2012. Choose DuPage took a comparative look at how counties in Illinois contributed to this growth. Continue reading
Illinois Ranks #5 in Nation for Best Corporate Locations
Illinois ranks #5 in the nation for new and expanded corporate facilities, moving up two spots from last year’s seventh place ranking, according to the annual analysis by Site Selection magazine, one of the nation’s premier corporate real estate and economic development publications. Continue reading $68 Billion in Illinois Exports Drive Economic Growth, Create Jobs
Illinois is the largest exporting state in the Midwest and the fifth largest in the Country. Illinois exports rose 5.1% to $68.1 billion in 2012 after soaring 30 percent in 2011. Direct exports account for nearly 10 percent of the Gross State Product.
Record $184 Million Year for Illinois Film Industry
lllinois’ film industry generated a record $184 million in spending in 2012, resulting in more than 2,200 full-time equivalent jobs. Governor Quinn signed a 10-year extension of the Illinois Film Tax Credit in 2011, which has paved the way for more productions in Illinois. Continue reading Illinois Tourism Breaks 100 Million Visitor Mark for the First Time
Illinois set an all-time record for tourism, breaking the 100 million visitor mark in 2012. International visitors rose 11.8 percent last year to set another new record and push the total to 101 million. Tourism in Illinois generated an estimated $33.5 billion and 298,700 jobs for the state’s economy, also new high marks for the state. Continue reading Illinois Economy Posts Strong Fourth Quarter Growth
Governor Pat Quinn announced that Illinois’ economy posted the strongest growth in the Midwest for September and October, and nearly 40,000 jobs in the last three months of 2013. Continue reading Universal Technical Institute Opens New State of the Art Industry Campus
Lisle, Ill. (November 13, 2013) – Universal Technical Institute (NYSE: UTI), the nation’s leading provider of post-secondary education for individuals seeking careers as professional automotive, diesel, collision repair, motorcycle and marine technicians, has opened its new, state-of-the-industry, 187,000 square foot campus in Lisle. The new facility replaces its Glendale Heights campus, where it had operated for the past 25 years and produced more than 19,000 graduates. The Lisle facility is designed to accommodate approximately 2,000 students and up to 150 faculty and staff. Continue reading