Here is NAI Hiffman’s market review for the first quarter of 2015. Continue reading
LOMBARD, IL – The Village of Lombard was recently named #7 on the Top 10 Best Chicago Suburbs for Young Professionals list from real estate website Movoto.com. Over 100 locations were considered for this list, which was then broken down by key factors including percentage of residents with a bachelor’s degree, percentage of residents 22-29 years of age, unemployment rate, median earnings, percentage of residents who work in management, business, financial or other professional fields, and the cost of living. The individual listing referred to Lombard as “about as postcard perfect as it gets.” The writer highlighted Lilac Time, annual events and the “historic Downtown district” as reasons Lombard is a highly desired suburb for young professionals to live. To read the article visit http://www.movoto.com/chicago-il/best-suburbs-for-young-professionals/.
LOMBARD, IL – Sam’s Club, Hamilton Partners, Oakridge Realty, and the Village of Lombard jointly announce that Sam’s has reached a tentative agreement to proceed with the development of a new 135,000 square foot retail store at 611 E. Butterfield Road, Lombard. This announcement was made at the April 16, 2015 Village Board meeting. Continue reading
Below is the annual economic indicators report for 2014. Continue reading
The Chicago suburban office market began 2015 with improved market fundamentals: 360,000 SF was absorbed during the quarter and the overall vacancy rate improved 37 basis points from year end 2014, to the current rate of 18.19%. Continue reading