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Chicago Industry Trends As Chicago industry trends change, Chicago is welcoming an increasing diversity of new business and [[https://www.google.co.uk/search?hl=en&gl=us&tbm=nws&q=real%20estate&gs_l=news|real estate]] development projects. Office leasing activity is rebounding despite rising construction costs as per the BOMA/Chicago Study tenants place greater value on amenities and places to be, which is driving them away from imposing new construction and towards more collaborative space; this trend can be observed with retrofitting of existing buildings to facilitate companies to use them in a variety of ways when they reduce their size or orange county coroner press release [[[https://pressez.substack.com/p/the-importance-of-press-releases|pressez.substack.com]]] move into smaller spaces. IT (Information Technology) has quickly become one of the fastest-growing sectors in Chicago due to the growth of shared workspace companies such as WeWork and Regus and also due to the fact that IT firms benefit from Chicago's strong infrastructure and its proximity to other talent pools in different sectors. Furthermore, the 1871 incubator has ranked amongst the best incubators globally. Chicago is one of the top three manufacturing city in the US and has a strong presence in food production, plastics and metals. Manufacturing companies benefit from Chicago's central location which makes their products easily transportable throughout the United States or around the world. Furthermore, technology in this industry is rapidly increasing thus Chicago has many incubators like the mHub. Logistics and transportation remain major economic drivers for the Chicago region, especially when companies shift away from traditional retail to online sales. Chicago has a varied shipping fleet that includes container ports and air cargo hubs. airports, waterways inland and rail yards, as well as robust intermodal facilities providing access to the whole US supply chain. Chicago remains well positioned to remain an economic powerhouse due to the recent expansions of the Chicago Mercantile Exchange - a global hub for trading and processing commodities - taking effect. Union Station serves thousands of Amtrak travelers every day. The port plays a vital role in the flow of regional commerce through handling containers as well as bulk goods. Tourism in the Chicago region is also experiencing growth and will increase to pre-pandemic levels later in the summer, due to a variety of major events like NASCAR events, Lollapalooza festival Democratic National Convention and International Manufacturing Technology Show. O'Hare airport is expected to see increased travel as more airlines resume service and the government decreases travel restrictions. Nevertheless, consumer confidence could suffer due to the fact that the housing market is highly unpredictable and real estate professionals are able to assist buyers in understanding these complexities and ensure that informed choices are made by prospective buyers.
