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Chicago’s Commercial Real Estate Slow to Improve April 16, 2010

Posted by Arieh M. Flemenbaum in Chicago Business.
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Several indicators still show that commercial and industrial properties in the Chicago area will remain distressed.  With a slow economy the market is unlikely to improve in the foreseeable future.

Chicago Real Estate Daily.com (powered by Crain’s Chicago Business) reports that industrial vacancy rate rises rose again for the 10th straight quarter : http://ow.ly/1xxow

In a separate article,  Chicago Real Estate Daily.com also reports that vacancies at commercial strip mall are at a 30 year high as well:  http://wp.me/pPijr-1C

On a positive note, in a report cited by the Illinois Department of Commerce and Economic Opportunity,  Chicago ranks second (and Illinois ranks 8th among the states) in new and expanded corporate facilities in an annual analysis by Site Selection magazine, one of the nation’s premier corporate real estate and economic development publications: http://ow.ly/1xx0x    The IL DCEO reports that 196 corporations located to or expanded their facilities in Illinois in 2009, including MillerCoors (the 2nd largest brewer in the US) relocating its US headquarters to Chicago.

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For information on how the business lawyers at Griffith & Jacobson, LLC can help your business grow, contact Arieh M. Flemenbaum at 312-236-8110 or by email at Contact Us (http://www.gjlaw.com/CM/Custom/Contact.asp).

Griffith & Jacobson, LLC – We know business – Chicago’s Business Lawyers.
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Comments»

1. Realtor In Addison IL - February 10, 2011

How long until you expect recovery?


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