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:

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Managing A Young Workforce Through Their First Economic Downturn, The Ted Lasso Way
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The 10 Biggest Business Trends For 2024 Everyone Must Be Ready For Now
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What Is “Structural” Inflation? Pt 1: A Compelling Case Study
pm EDT| A big question for monetary policy today is whether the current bout of “inflation” is “transitory” – or “structural.” It is now pretty clear that the wave of price increases that swept...

Defeating inflation without higher unemployment is still unlikely
...ended September 23. The National Association of Realtors reports the number of home sales based on contract signings in August. Fed officials Jerome Powell, Austan Goolsbee, and Lisa Cook participate...

The Fed has a perfect interest rate in mind. Here’s what it is
New York CNN  —  There’s a star the Federal Reserve is chasing. It isn’t a celebrity or sphere of gas that dazzles the sky at night. It’s not even a visible object. “We only know it by its...