subject: Chicago Office Space: Helpful Information [print this page] Chicago is the third largest city in the nation and the twenty-sixth most populated city in the world. Chicago is also known as "The Windy City" and "Chicagoland." The economy of Chicago is very diverse; there are over 100,000 different businesses licensed in the city, with everything from retail or grocery stores to huge manufacturing and industrial plants.
Chicago is home to the nation's 3rd largest gross metropolitan product. It has been ranked as having the Most Balanced Economy in the United States because of its high level of assortment, from its people to its businesses. Other acknowledgments of the city include: Most Important Business Center in the world, just one of the many reasons why Chicago office space is very attractive. Chicago and nearby cities are home to the second largest labor pool in the United States with approximately 4.25 million workers.
The Windy City can also be called The City of Big Business. Office space in Chicago is a base to over 250 corporate headquarters, of which twenty nine are Fortune 500 companies, the city's multifarious economy supports creative new businesses, established corporations, and manufacturing companies- large and small, in addition to over 1,500 foreign firms that have an occupancy in the city.
Chicago has the third largest gross metropolitan product in the United States, valued at over $500 billion in the past few years. Chicago continues to have the highest number of new or expanded corporate facilities in the United States. The city and its surrounding metropolitan area are home to the second largest labor pool in the United States with approximately 4.25 million workers.
With vacancies increasing, this is the best time for tenants in the Chicago area. In Chicago and other cities across the nation, tenants remain in a position where they can make deals on many levels. Owners and landlords are beginning to compromise more, with tenant improvement funds, rent abatement, and adjustments in leases.
