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Chicago Industry Trends As Chicago shifts in its industry, Chicago is welcoming an expanding variety of new business and real development projects. The office leasing market is recovering even as construction costs are rising as per the BOMA/Chicago Study; tenants place greater importance on amenities and places to be, 6k press release ([[https://pressez.blog.fc2.com/|https://pressez.Blog.fc2.com/]]) which is driving them away from extravagant new construction to more co-operative space; this trend can be observed through retrofitting of existing buildings to enable companies to use them in a variety of ways when they reduce their size or move into smaller space. IT (Information Technology) has quickly become one of the fastest-growing industries in Chicago because of the proliferation of shared workspace companies like WeWork and Regus in addition to the fact that IT firms take advantage of Chicago's infrastructure that is strong and its proximity to other talent pools within different sectors; furthermore, 1871 incubator has ranked amongst one of the premier incubators globally. [[//www.youtube.com/embed/yZJz31TwTTg|external site]] Chicago is one of the top three manufacturing city in the US with a high concentration of food production, plastics and metals. Manufacturing companies benefit due to the city's central location, which allows their products to be easily transported across the nation or globe. Furthermore, technology in this sector is rapidly progressing and Chicago provides numerous incubators, such as mHub. Transportation and logistics are key economic drivers for the Chicago region, especially when companies shift away from traditional retail to online sales. Chicago has a varied shipping fleet, including container ports as well as air cargo hubs, airports, waterways inland and rail yards as well as robust intermodal facilities providing access to the whole US distribution chain. Chicago remains well placed to remain a leading economic engine with the recent expansion of Chicago Mercantile Exchange - a international center for trading and processing commodities - taking effect. Union Station serves thousands of Amtrak travelers every day. The port provides another important part of regional commerce through handling both containers and bulk merchandise. [[https://5mag.net/tag/pomo/|(Image: [[https://www.armyupress.army.mil/portals/7/nco-journal/images/Make-your-voice-heard.jpg|https://www.armyupress.army.mil/portals/7/nco-journal/images/Make-your-voice-heard.jpg]])]] Tourism in the Chicago region is also experiencing expansion, and is expected to return to pre-pandemic levels this summer as a result of several major events such as NASCAR races Lollapalooza festival, Democratic National Convention and the International Manufacturing Technology Show. O'Hare airport could see a boost in travel as more airlines resume service and the government decreases travel restrictions. However, consumer trust could be affected as the housing market is highly unpredictable and real estate professionals are able to assist buyers with these complexities and make sure informed decisions are made by prospective buyers.
