Chicago Tops U.S. Markets In Corporate Investment For Fourth Straight Year

Aon Center, Chicago, IL
One And Two Prudential Plaza, And Aon Center, Chicago

Chicago is the top U.S. metro for corporate investment for the fourth consecutive year, according to Site Selection magazine. The publication looks at capital investment of at least $1M, investments that create at least 20 jobs and absorb at least 20k SF of office footprint.

World Business Chicago tracked a record 350 business expansions and relocations in the Chicago metro last year, led by high-profile moves like McDonald's, Beam SuntoryMotorola Solutions and Wilson Sporting Goods. The projects accounted for more than $2.8B in investment and brought 14,000 jobs to the city.

The strength of corporate investment appears to be moving forward in 2017's early goings and will have benefits for the office sector. So far, GE Healthcare and KPMG announced they are adding 1,000 jobs. Yesterday, Hickory Farms said it is moving its HQ from Ohio to 311 South Wacker. The mail order meat gifts company leased 7,300 SF and was repped by JLL's Andrea Van Gelder and Molly Carroll.

With new office deliveries expected to add 4M SF to the central business district inventory by 2018, companies eyeing downtown have plenty of space from which to choose.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Chicago Newsletters
Related Stories

Digital Media Firm Pivots To AI, Abandons $160M Fort Lauderdale Studio Project

State Farm's 1.1M SF Suburban Atlanta Hub Put Up For Sale

Tennessee University Plans Campus In Chamblee: The Atlanta Deal Sheet

$7B 1901 Project Unveils Renderings For Live Performance Venue

Troubled Multifamily Loans Face A Refinancing Problem: Who Puts In New Equity?

Defense Tech Firms Setting Up Shop In Trump Family's Palm Beach Orbit

Google Delays Thompson Center Opening To 2028, Releases New Renderings

Why Top-Secret Facilities Are Permeating Greater D.C.'s Office Market

DivcoWest Sells Glendale Office Building For $70M

California Investor Scoops Up Amazon Warehouse: The Chicago Deal Sheet

Hines And Rialto Close Office Credit Fund At $1.1B

How Crystal Lake 'Connects The Dots' To Building Complete Community