Chicago

How Is Chicago Economy?

The total economic output of Chicago in gross metropolitan product totaled US$770.7 billion in 2020, surpassing the total economic output of Switzerland and making Chicago’s gross metropolitan product (GMP) the third largest in the United States, after New York and Los Angeles. Is Chicago’s economy growing? Chicago’s net loss in office jobs was 3.9% from …

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Do All City Of Chicago Employees Have To Live In Chicago?

Applicable Law The Municipal Code of Chicago Section 2-152-050, ―Residence Restrictions,‖ provides that all City employees must reside in the City and makes no mention of a waiver from the residency requirement: All officers and employees of the city shall be actual residents of the city. Do City of Chicago employees have to live in …

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Are Chicago Rents Going Down?

Report shows rents have rose steadily throughout 2021 Chicago landlords may be back in the driver’s seat after being forced to offer concessions to lure tenants during the pandemic. Rents rose steadily throughout 2021, though they were little changed last month, ReJournals reported, citing a report from ApartmentList. Are rent prices going down in Chicago? …

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