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-Chicago Industry Trends
-As Chicago industry trends change, Chicago is welcoming an increase in the variety of business and real development projects. Office leasing is booming regardless of the rising cost of construction, according to the BOMA/Chicago Study Tenants place more importance on amenities and the places to be, which is driving them away from trophy new constructions to more collaborative space; this trend can also be seen in retrofitting existing buildings to facilitate flexibility for businesses who are relocating or downsizing to smaller spaces.
-[[//www.youtube.com/embed/IluudUhr1DA|external page]]
-IT (Information Technology) has quickly become one of the fastest growing industries in Chicago due to the rise of shared workspace companies like WeWork and Regus in addition to the fact that IT firms profit from Chicago's robust infrastructure and proximity to talent pools in other sectors. Additionally, 1871 incubator has been ranked as one of the most prestigious incubators in the world.
-Chicago is one of the three top manufacturing cities in the US, boasting concentrations in food, metals and plastics production. Manufacturing companies profit from [[https://www.bing.com/search?q=Chicago%27s%20central&form=MSNNWS&mkt=en-us&pq=Chicago%27s%20central|Chicago's central]] location that makes their products easily transportable across the nation or globe. In addition, innovation in this sector what is considered a press release - [[https://hashnode.com/@Pressez|Read the Full Piece of writing]], rapidly progressing so Chicago has many incubators like mHub.
-[[http://apnews.com/article/harris-munich-security...|(Image: [[https://www.cpwr.com/wp-content/uploads/2016/07/publications_thumbnails_2nd-Quarter-2016.jpg|https://www.cpwr.com/wp-content/uploads/2016/07/publications_thumbnails_2nd-Quarter-2016.jpg]])]]
-Transportation and logistics are key economic drivers in Chicago area, especially in the process of transitioning businesses away from traditional retail to online sales. Chicago has a wide shipping fleet including container ports as well as air cargo hubs, airports, waterways inland and rail yards. There are also well-developed intermodal facilities which provide access to the entire US the supply chain.
-Chicago remains well placed to continue to be a major economic force thanks to the recent expansion of Chicago Mercantile Exchange - a global hub for trading and processing commodities - coming into effect. Union Station serves thousands of Amtrak passengers daily while its port provides another important part of regional trade by handling bulk and container merchandise.
-Tourism in the Chicago region is also experiencing expansion, and is expected to be back to pre-pandemic levels by the end of this summer as a result of several major events such as NASCAR races, Lollapalooza Festival, Democratic National Convention and the International Manufacturing Technology Show. O'Hare airport should see improved circulation as more airlines begin service and the government relaxes travel restrictions. Nevertheless, consumer confidence could suffer due to the fact that the markets for housing are highly volatile; real estate professionals can help buyers navigate these nuances and ensure informed decisions are being taken by buyers.