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2017 Market Overview

Chicago, Illinois

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Quick Facts

Located in northeastern Illinois on the southwestern shores of Lake Michigan, Chicago is the third-most populous city in the United States, and the fifth-most populous city in North America. Although the city has been called by many nicknames, it is most widely known as the Windy City.

More To Love About Chicago:

  • Chicago has the third-largest gross metropolitan product in the United States—about $630.3 billion according to 2014–2016 estimates. The city has also been rated as having the most balanced economy in the United States, due to its high level of diversification.
  • According to World Business Chicago, the Chicago metro is also the home to more than 400 major corporate headquarters, including 31 Fortune 500 HQs, 300 corporate R&D facilities. Some of the most well known Chicago HQs are Walgreens, Boeing, and Sears Holdings Corp.
  • Today, the Windy City is recognized as the fourth most important business center in the world (according to the MasterCard Worldwide Centers of Commerce Index). The Chicago Metro also contains the third largest labor pool in the United States with about 4.48 million workers, as of 2014.

Major Employers

In the Media

  • "Rated the #1 large US metro for Economic Diversity" - Moody’s Investor Services
  • "Chicago-area apartment rents rise again, trend not slowing down" - Chicago Sun-Times