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 #359 on the 2023 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, June 2023 ©2023 Time Inc. FORTUNE and Time Inc. are not affiliated with, and do not endorse products or services of Fidelity National Financial. Chicago 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 - Fidelity National Title, Chicago Title, Commonwealth Land Title, Alamo Title, and National Title of New York - that collectively issue more title insurance policies than any other title company in the United States.

The Latest Articles From the FNF Newsdesk:

Consumers Take Over Inflation Fight
pm EDT The Federal Reserve is losing its audience. The ever-growing inflationary period has pushed consumers to take over. A key anti-inflation spending strategy returns When the inflation period...

With Inflation All But Vanquished, Continued Tight Monetary Policy Is Negatively Impacting The Real Economy
...Commercial Real Estate (CRE) CRE defaults continue with one or more major foreclosures each week. The two featured here are: 255 California Avenue, San Francisco (left-hand picture) is in talks...

2024 Atlantic Hurricane Season: Predicting The Economic Impacts
am EDT Meteorological experts are forecasting an unusually active Atlantic hurricane season for 2024, attributing this uptick in activity to warmer ocean temperatures and favorable atmospheric...

Weekly jobless claims rise to highest level since August
New York CNN  —  First-time applications for unemployment benefits rose last week to 231,000, the highest level since August, in another sign that the white-hot labor market is starting to cool...

Jobless Claims Unexpectedly Jump To 2024 High As Labor Market Cracks Show
am EDT Topline Jobless claims rose far more than expected last week, according to government data released Thursday morning, bringing an unwelcome development for workers but exhibiting the signs...

Why Venezuela is no longer in freefall
Back in 2019, The Indicator started checking in on with a Venezuelan economist Gabriela Saade. The economy was in freefall. The country was suffering from hyperinflation and a huge jump in...