Business Climate – Page 8

Suburban Office Vacancy Falls to 8-year Low in Second Quarter

Posted on July 14, 2015 | by brent

By: Ryan Ori, Crain’s Chicago Business Suburban office vacancy fell to an eight-year low in the second quarter, as expanding companies continued to boost demand for office space. Overall vacancy fell to 20.3 percent in the quarter, down from 21.3 percent in the first quarter and 23.7 percent a year earlier, according to Chicago-based Jones Lang LaSalle. It was the fifth consecutive quarterly decrease in unused space. Continue reading →

Suburban Office Markets Post Positive Net Absorption Year-To-Date

Posted on July 8, 2015 | by brent

The Chicago suburban office market year-to-date absorption totaled 130,000 SF, largely due to strong demand for class “A” space. The vacancy rate measures 18.37% for the overall suburban office market and 15.43% vacant for class “A” space. Continue reading →

Current Economic Environment in DuPage County

Posted on June 25, 2015 | by brent

Below is a recap of the presentation Economic Development Director, Bryan Gay, gave at Powering the Future, where the region’s economic development leaders discussed the current and future economic state of their respective counties. Presentations offered insight on future development projects, priorities and policies impacting the electrical trades in Chicagoland. Continue reading →

O’Hare Office Market Conditions

Posted on June 24, 2015 | by brent

Presented by NAI Hiffman

At the crossroads of I-294 and I-90, the O’Hare submarket is in the center of all of Chicagoland’s suburban marketplaces. In the latest Market in Motion video, Jason Streepy of NAI Hiffman discusses the current condition of the O’Hare/Rosemont submarket. Continue reading →

Western Suburbs Voted One of the Best Places to Start a Business in Illinois

Posted on June 22, 2015 | by brent

Mentoring and helping others come naturally to the people around Chicago. So says Nick Rosa, founder and a managing director of Sandbox Industries, an incubator turned venture capital firm. Since founding Sandbox in Chicago in 2003, Rosa has worked with numerous entrepreneurs, and he’s not sure if it’s the tough Illinois winters that bring people together, but there’s an ethos of supporting others without a “what’s in it for me” attitude, he said. Continue reading →

First Quarter 2015 Economic Indicators

Posted on June 9, 2015 | by brent

Here is the economic indicators report for the first quarter of 2015. Continue reading →

West Chicago’s DuPage Business Center to welcome DS Containers

Posted on May 26, 2015 | by brent

An exciting new development will soon break ground at the DuPage Business Center in West Chicago. CenterPoint Properties recently announced the details of a 300,278 square foot build-to-suit distribution center for DS Containers, and City officials couldn’t be happier. The state-of-the-art facility will be situated on 14.55 acres, with the ability for future expansion. “This represents a major investment in our community and the City looks forward to working with all parties to ensure a first-rate development experience. We look forward to celebrating a ground-breaking later this month and to welcoming DS Containers to our business community,” said Mayor Ruben Pineda.

Continue reading →

Category: Business Climate