Below is the annual economic indicators report for 2014.
Sales Tax ReceiptsDuPage County total sales tax receipts for 2014 were $1.3 billion, compared to $1.2 billion in 2013. This represents an increase of 3.14%.
Unemployment RateThe unemployment rate in DuPage County dropped from 6.6% at the end of 2013 to 4.2% by the end of 2014. DuPage County continues to have one of the lowest unemployment rates in the State, and the lowest within the region.
Job GrowthIn 2014 we saw a 1% increase in job growth throughout the region, including DuPage County. The Management, Real Estate, and Administrative sectors saw the greatest growth during this time at 8%, 6% and 5%, respectively. The industry sectors with most overall jobs included retail, healthcare and administrative.
Office Vacancy RatesAt the end of 2014, office vacancy rates within DuPage County fell to 17%, down from the previous quarter, but still a little higher than the 2013 end-of-year vacancy rate of 16.6%. It is important to note that 2014 ended strong, with the region absorbing 1.1 million square-feet of office space in the fourth quarter alone. Some major recent office space transactions in DuPage County included:
- 250,000 square feet acquired by Duchossois Group in Oak Brook
- 135,000 square feet acquired by Advocate Health and Hospitals in Downers Grove
- 130,000 square feet of new construction by the Hub Group in Oak Brook
- 130,000 square feet of additional new development by SKF in Naperville