Is Chicago’s half-decade-long slump finally over?

0 CommentsBy

That was the question posed on the front page of Crain’s Chicago Business today and the answer, you’ll be happy to know, is a cautiously optimistic “yes.”

Among those whom Crain’s cited in their big-picture look at the market was JLL’s own Robert Kramp, Director of Research for the Midwest and Great Lakes regions.

Kramp told reporters Ryan Ori and Alby Gallun that, for the first time since the recession, the market is showing signs of overall health:

“We’re clearly a market out of boom-and-bust mode. It’s more of a mature market. We’ll see growth in the single  digits, but it’s sustainable.”

To read the full story, which also cites analysis from GlenStar Properties, Lincoln Property Co., and Bridge Development partners, among others, click here.

Leave a Reply

Your email address will not be published. Required fields are marked *