Local CRE Trends

Discover What’s New and Interesting in Our Backyard

Chicago is known as the cultural capital of the Midwest, with world-class architecture, a vibrant arts scene, and internationally renowned museums. It is also a top tourist destination – a record 54.1 million people visited the city in 2016, bolstered by vacationers and business travelers, the city reported.

As the third largest metropolis in the U.S., Chicago is also a global center for business, with strong representation in the finance, commerce, industry, technology, telecommunications and transportation industries.

Chicago is currently experiencing a construction boom, especially in the areas of residential development and office space. This is partially due to a population density shift; although the overall population has slowly declined in recent years, the population is shifting to the city's urban core as young, educated millennials are relocating from the suburbs and outlying areas.

The influx of top talent has bolstered the city's commercial real estate market, which is poised for continued growth. New commercial development has emerged as companies expand and move to the area in pursuit of the area's educated workforce.

About Fidelity National Financial

Fidelity National Financial, Inc. (FNF) is currently ranked #238 on the 2022 FORTUNE 500®*, and is among numerous defense, energy, media, hospitality and financial FORTUNE 500®* companies based in the region. Our AtlantaChicago-based team of CRE professionals works in all facets of the industry, including power and energy projects, office buildings, industrial parks, multifamily housing, retail properties, government contracts, corporate transactions and more.

Discover what’s new and interesting in our backyard in the latest real estate news, provided courtesy of the FNF Newsdesk.

*"FORTUNE®" and "FORTUNE 500®" are registered trademarks of Time Inc. From FORTUNE Magazine, May 2022 ©2022 Time Inc. FORTUNE and Time Inc. are not affiliated with, and do not endorse products or services of Fidelity National Financial. Fidelity National Title Insurance Company is a member of the Fidelity National Financial family of companies and the nation’s largest group of title companies and title insurance underwriters that collectively issue more title insurance policies than any other title company in the United States.

The Latest Articles From the FNF Newsdesk:

Mortgage rate deals for week ending Jan. 28, 2023: Top offers from lenders
...was 5.25 percent, up 2 basis points from the previous week. Mortgage rates are higher than they were a year ago or six months ago, so it remains important to shop around if you want to find a...

Mortgage and real estate news this week: Cooling markets create homebuying opportunity and utility bills rise
...Pros and cons of buying a home during a recession As the housing market slows, many prospective buyers wonder if now is a good time to purchase a home. Experts say that conditions may be right...

December 2022 Pending Home Sales Show First Month-to-Month Gain Since May 2022
NAR released a summary of pending home sales data showing that December’s pending home sales pace increased 2.5% last month but fell 33.8% from a year ago. Pending...

Best Banks for Joint Accounts for January 2023 - CNET
...few general rules to keep in mind when choosing your account.  FDIC or NCUA insurance  FDIC and NCUA insurance protects your money up to $250,000. You can use the FDIC's bank tool to check...

Single Family Rentals Remain Resilient
...to Member Price$0.00Non-Member Price$399.00 About the Event In a recessionary housing market defined by higher interest rates and softening demand, single family rentals remain an investment...

Pending home sales increased last month for the first time since May
Washington, DC CNN  —  Pending home sales increased in December for the first time since May, a sign that lower mortgage rates are bringing some buyers back into the housing market. The pending...

Pending home sales rise to cap otherwise disappointing year
U.S. pending home sales unexpectedly rose in December for the first time in seven months, wrapping up an otherwise poor year for a housing market battered by higher mortgage rates.  The...

ARM loan requirements 2023
...much as $1,089,300 if you live in a more expensive housing market). If you need a bigger mortgage than that, some lenders offer jumbo, or nonconforming, loans with adjustable rates. These can...

Today's Mortgage Rates for Jan. 27, 2023: Rates Trend Higher - CNET
Today a handful of key mortgage rates inched up. The Fed's interest rate hikes are increasing costs for prospective homebuyers. Written by A variety of significant mortgage rates boasted increases...

Nashville Bucks Multifamily Rental Trend
...to hit $1,800, a 20% year over year jump. The housing market has been buoyed by a rapid influx of out of state residents moving to the Volunteer State: In-N-Out Burger, Ford...