Anyone in the process of searching for office space understands the importance location has as a factor in their decision. As we have discussed previously, the right location can help draw a better pool of talent to hire, it can attract clients, and it should be full of the amenities you seek. Another factor in your decision should be the growth rate and residential real estate statistics. A neighborhood experiencing a rise in home sales helps show off that area’s growth. More homes being sold means that the people are taking an interest and investing in those areas.
A recent article published in Crain’s Chicago highlighted the near north side as an area experiencing a surge in home sales. Avondale, Morgan Park, Lincoln Square and North Center all topped the list reporting the highest percentage increases. For example, North Center saw a 40.3% increase from the same period in 2014. These kinds of sales numbers lead to big growth. And trends are showing that this growth isn’t slowing down anytime soon. These neighborhoods, as well as others on Chicago’s North and Northwest sides, feature reasonably priced homes and property while other areas are not growing as rapidly due to inflated prices.
Why should you care as a business owner about home sales in the neighborhood where you work? Studies show that a great majority of people choose to find work in the general area in which they live. The closer the job to the home the better for commuting and work/life balance. The highly sought-after Millennial workforce feels particularly strong about working where they live. “Sixty-two percent [of Millennials] indicate they prefer to live in the type of mixed-use communities found in urban centers, where they can be close to shops, restaurants and offices. They are currently living in these urban areas at a higher rate than any other generation, and 40 percent say they would like to live in an urban area in the future”. (source) Lincoln Square, North Center, Avondale, Roscoe Village and Morgan Park are all booming urban areas in Chicago that would be perfect for your next (or new) office location.
Highlights of Chicago’s Near North Side Urban Centers:
- Proximity to the Chicago River
- CTA “L” Train and Bus Stops throughout the area
- Metra Rail Stops
- Beautiful Architecture – historic buildings dating back to the early days of Chicago
- Top-rated schools and parks
- Restaurants run by world renowned chefs
- Festivals, Music, and Entertainment
- Recreation Centers and Sports Facilities
Near North Side Office Space at the Bradley Business Center
The Bradley Business Center is proud to be located near these vibrant and growing urban centers. Our corporate and shared office spaces are perfect for businesses with one or a hundred or employees. Not only are we located near so many wonderful attractions, but our center features a list of amenities providing a true “work like you live” opportunity. Our neighbors feature companies of all sizes, both locally owned and nationally known which can provide you with countless chances to expand our network. Make an appointment to see the Bradley Business Center for yourself and explore this near north side office space full of amenities and benefits. Contact our leasing agent, Brett Berlin today – we look forward to welcoming you to our neighborhood!