Despite Rising Property Taxes, Job Growth and Leasing Maintains Pace in Chicago
Recent property tax increases across Cook County will see homeowners paying on average 4% more
August 07, 2019
- Recent property tax increases across Cook County will see homeowners paying on average 4% more, but despite the increases, it has not discouraged large corporations that are looking to take advantage of the city’s vast talent pool.
- Following the lead of giants like Google and McDonald’s, companies such as Accenture, Burns & McDonnell, Uber, Salesforce, and Mondelez International have pledged to up their hiring in the Chicagoland area and therefore expand on their current Chicago office footprints.
- A recent Crain’s report noted that Chicago’s job growth has outpaced every metro area except New York City. In addition, booming submarkets within the city like Fulton Market have proven to be a hotbed for thriving companies to bulk up their Midwestern presence.
- Despite uncertain and sometimes ominous media headlines surrounding Chicago real estate taxes, companies have seemingly maintained a positive sentiment regarding their continued presence in Chicago.
Source: JLL Research