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Why Thermostats, Crowded Trains and Eating Out Matter

Chicago Economy
Why Thermostats, Crowded Trains and Eating Out Matter

Sometimes the most comforting economic indicators come from the most unexpected places. You can look at a strong Chicago Purchasing Managers Index and unexpectedly robust retail sales to see a positive outlook for the Chicago economy, Crain’s Chicago Business reports. But here are some more surprising signs that the city’s financial confidence, and real estate in turn, is improving:

  • ComEd seeing its highest growth in electricity consumption since the recession (well, this one’s only good news if you’re not footing the bill).
  • CTA rail ridership up, especially in the Loop and River North (hence the boost in TOD).
  • We spent $700M more eating out in 2014 compared with 2013 (better cozy up to those restaurant tenants).