Tag Archives: transit

Headquarters quiz: Five clicks to your new crib

0 CommentsBy

Since 2008, downtown Chicago has attracted 88 suburban and 13 out-of-market companies, of which 32 have been headquarters relocations. If your company is thinking of making the move or you’re just curious about new neighborhoods, take this headquarters quiz and land on the best submarket for your team!

 

Read More

Cracking the code: Find your tech talent in Chicago

0 CommentsBy

Looking to snag a computer programmer on sale? Chicago should be your startup’s tried and true market of choice, given its status as the rare, affordable, large urban market.

“Competition for tech talent, as well as good plug-and-play tech spaces, is fierce,” said Jesse Van Dyke, Managing Director and co-lead of JLL Chicago’s Technology Practice Group.

tech talent

Concentration of employees working in the computer field

The market’s tech ecosystem can be the best indicator of potential job growth and industry stability. Consider planting your tech flag in Chicago, a great location at a great price:… Read More

CTA’s L turns 125: Where to eat local and celebrate

0 CommentsBy

This week marks 125 years of service for the L, Chicago’s iconic elevated railway that began running in 1892. To mark the occasion, we chatted with Lauren Smith, Senior Analyst on JLL’s Public Institutions team, about her team’s retail leasing work with the Chicago Transit Authority and the best places to pick up a snack along the transit system.

JLL’s Public Institutions team has worked with the CTA since 2008, providing a wide range of real estate services, including managing the CTA’s retail leasing program. Recently, the CTA has seen a welcome uptick in interest from hyperlocal retailers that are making significant investments into their CTA spaces and adding variety to the retail program.

“The retail environment of the CTA is nothing like traditional neighborhood retail. Much of the customer base consist of commuters quickly passing through,” Smith says. “A lot of people are looking to grab a quick cup of coffee or a bite to eat on the way, though we are seeing more sit-down restaurants and cafés come into the program.”

Since the transit retail environment is so unique, with spaces ranging from smaller subway kiosks to larger street-level storefronts and some stations see more than 3 million annual riders (7 million at the Lake Red Line station), rents for CTA retail spaces have a wide range and typically diverge from the surrounding retail market.

Some of the latest delicious additions to CTA’s retail spaces:… Read More

Chicago office market thriving despite budget impasse

0 CommentsBy

Authors: David Barnett, Research Analyst, and Hailey Harrington, Research Manager

budget impasseThe downtown Chicago office market recorded record-high rents and vacancies at or near all-time lows in 2016. The city is a robust tech hub, bolstered by an extensive transportation network and proximity to one of the busiest airports in the world—connecting Chicago with other U.S. and foreign markets. Unemployment continues to diminish as graduates from nearby top-tier universities enter the local workforce in a diversified economy. Despite this economic growth, the City of Chicago and the State of Illinois continue to grapple with the budget crisis.… Read More

Inside Zurich North America Headquarters’ LEED Platinum certification

1 CommentBy
Zurich North America Headquarters

JLL’s Jim Plummer, John Musgjerd, Jerry Riordan and Keara Fanning at Zurich North America headquarters’ grand opening

This week the JLL team joined Zurich North America to celebrate the grand opening of the firm’s new 783,800 square-foot Schaumburg headquarters. While the historic project has been years in the making, Wednesday’s event was highlighted by the announcement of the project’s LEED Platinum certification, the highest rating by the U.S. Green Building Council.Zurich North America Headquarters

After the ceremony and some entertainment by the Zurich employee choir, JLL Sustainability Practice Lead Keara Fanning took us on a green tour, showcasing the industry-leading outcomes achieved by the team’s LEED Platinum pursuit:… Read More