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office space Chicago
Boasting more than 2.8 million people, Chicago is the third largest city in the United States. The gorgeous city skyline is situated along the western shore of Lake Michigan. Lake Michigan is one of the largest Great Lakes and offers visitors and residents recreational activities, such as sailing and yachting. Chicago is home to the nation's second busiest airport, Chicago O'Hare. The Windy City ranks within the Top Ten Global Financial Centers with a gross state product of $507 billion in 2007. Several influential political candidates have called Chicago home, including current President Barack Obama and Secretary of State, Hillary Rodham Clinton.
Chicago has one of the most architecturally impressive and tallest skylines in the nation. Much of its architecture was inspired by a Chicago suburb native, Frank Lloyd Wright. The Willis Tower, also known as the Sears Tower, was one of the tallest buildings in the world. Now, the building is ranked fifth in the world and the tallest in the United States. Other notable buildings in Chicago's skyline are the John Hancock Building, the AON building and Trump International Hotel.
The "Windy City" is known for its cultural activity, parks, museums, theatre, arts, and deep dish pizza. Significant points of interest include the Wrigley Building, Magnificent Mile shopping, Lake Shore Drive, Navy Pier, the Buckingham Fountain, Chicago Opera Theatre, the Museum Campus, Harpo Studios and Millennium Park.
Over 30 companies located their headquarters within the city limits of Chicago, IL. Chicago corporations provide revenue from healthcare, insurance, finance, telecommunications, automotive, and technology industries. Boeing, R.R. Donnelly, United Airlines, the Tribune Company and the AON Corporation are each Fortune 500 companies in Chicago. Accenture, Abbott Laboratories, and Motorola contribute economic revenue to Chicago's suburbs. Chicago's conventions also contribute to the city's revenue. The Windy City ranks third behind Orlando and Las Vegas.
The shared office space and commercial real estate market is suffering across the nation. In fourth quarter of 2009, Chicago's office rental vacancy was up to 16.2%. Business owners may find commercial office space below market value due to economic downturn. In some Chicago areas, buildings are only 87 % occupied.
Chicago's economy remains relatively stable due the sheer number of companies that possess a corporate presence in Chicago. United Airlines boosted the market by leasing 450,000 square feet of office space in Willis Tower. Unemployment continues to rise across the nation, and Chicago's numbers increase accordingly. However, experts predict that government stimulus money provided by the American Recovery and Reinvestment Act of 2009 (ARRA) will generate 148,000 jobs and $1.5 billion in projects.
Regus and Barrister provide executive suites Chicago business owners are seeking. Executive offices allow business owners to develop a professional business image for only $500 per month. Prices increase according to location and the number of amenities offered. Trained professionals are waiting to assist executives in locating the ideal commercial office space to suit a business owner's needs.
If Chicago is a perfect location to set up your business, surrounding areas such as Loop and Lakeview could be alternative ideal places to locate your company.
