Chicago & Midwest CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

Chicago & Midwest  | 

Metro Planning Council: Keep Investing in Transit

There’s a strong link between transit investment and job creation, according to a new study from the Metropolitan Planning Council. Among other findings, the study determined that between 2005 and 2015, job growth within a half mile of a CTA or Metra station was more than twice as fast as the Chicago regional average.

Moreover, 85% of the region’s commercial construction in 2017 occurred near a transit stop.

“This study complements decades of research that reveal one singular truth: Investments in transit generate regional economic growth,” said MPC’s Audrey Wennink. “We must ensure our system is well-maintained and expanded, so we can continue to attract jobs and businesses to our region. Our future as a global city depends on it.”

The study also profiled 15 area employers, ranging from McDonalds to the Illinois Medical District. Nearly all those profiled cited transit as critical to attracting talent, particularly for early-career professionals.

Get to know us and Chicago’s commercial real estate elite at Connect Media’s Chicago launch event, scheduled for Nov. 8.

Get Chicago News in 150 Words

For comments, questions or concerns, please contact Paul Bubny

Connect

Inside The Story

Read more at MPCConnect With MPC's Wennink

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

Step 1: Select Education
  • ◦Economy
  • ◦Development
NewPoint-07-cube
Colliers-59-cube
Colliers-60-cube
CRETech-01-cube