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Chicago-Suburban, IL : Retail Snapshot - Q2 2014

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Chicago-Suburban, IL : Retail Snapshot - Q2 2014

The Chicago metropolitan area economy has been showing mixed signals. Chicago’s economy is stronger than ever based on job growth and improved unemployment rate, but, according to Bloomberg News, “Chicago is now the city of big debt.” Finance, insurance, and information technology sectors are keeping the city afloat. Consumer confidence was up 8 points to 82.2 year-over-year, but was still below the 90 mark, which indicates a healthy economy.

Total nonfarm employment was up 36,200 or 0.8 percent over the year as of May 2014. The desirability for retailers to be located in the Chicago Central Business District (CBD) can be attributed to many businesses and people deciding to stay in the city.

Source : Cushman & Wakefield

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