Our Suburban Tenant Representation team recently hosted a webinar exploring how President Trump’s policy changes could impact suburban Chicago real estate.
“With vacancy near 10-year lows, strong tenant demand and robust investment activity, the suburbs continue to be a value story with as much as a $20 per square foot rent differential compared with downtown,” said JLL International Director Andrea Van Gelder.
As the new administration takes shape, the suburban market and its well-balanced economy could be affected in good, bad and surprising ways.
Our top 10 webinar takeaways:
- O’Hare and Northwest submarkets could gain most from financial deregulation-influenced hiring.
- Reduced pharmaceutical regulations could propel the North Suburban healthcare engine, but…
- A smaller population of insured patients could curtail others’ revenues, decreasing headcounts.
- Every $1 billion invested in infrastructure creates 13,000 jobs, which we need because…
- The average suburban office worker loses $1,200 per year in wasted fuel and time in traffic.
- An outsized number of new suburban Chicago business founders are immigrants (28 percent).
- Suburban industrial vacancy down 5.2 percent and rents up 12 percent over the past five years, though…
- Protectionist trade policies could harm local manufacturers, adding upward pricing pressure.
- Local accounting, financial services and tech can gain from smart tax reform, fueling job and wage growth.
- Expect a few more years of industrial steam regardless of policy, thanks to e-commerce.
Listen for yourself and view the presentation below.