{"id":185,"date":"2015-12-15T00:00:00","date_gmt":"2015-12-15T00:00:00","guid":{"rendered":"http:\/\/choose.maclyn-dev.com\/2015\/12\/15\/third-quarter-2015-economic-indicators\/"},"modified":"2020-12-14T16:55:04","modified_gmt":"2020-12-14T16:55:04","slug":"third-quarter-2015-economic-indicators","status":"publish","type":"post","link":"https:\/\/www.choosedupage.com\/third-quarter-2015-economic-indicators\/","title":{"rendered":"Third Quarter 2015 Economic Indicators"},"content":{"rendered":"Here is the economic indicators report for the third quarter of 2015.\r\n<!--more-->\r\n<iframe loading=\"lazy\" src=\"https:\/\/player.vimeo.com\/video\/148524114\" width=\"500\" height=\"281\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe>\r\n<h3>Sales Tax Receipts<\/h3>\r\nAlways reported one quarter in arrears, the DuPage County total sales tax receipts were $348 million in the second quarter of 2015 compared to $342 million during the same time last year. This represents a 1.94% increase.\r\n<h3>Unemployment Rate<\/h3>\r\nThe unemployment rate dropped to 3.9% in the second quarter, compared to 5.1% in the first quarter.\r\n\r\nDuPage County has the lowest unemployment rate in the region, and among the lowest in the State of Illinois.\r\n<h3>Job Market<\/h3>\r\nAccording to the Illinois Department of Employment Security, the professions that currently have the most online job postings in DuPage County include:\r\n<ul>\r\n\t<li>Truck Drivers<\/li>\r\n\t<li>Retail Sales Persons<\/li>\r\n\t<li>Customer Service Representatives<\/li>\r\n\t<li>Supervisors of Office &amp; Administrative Support<\/li>\r\n\t<li>Computer Use Support Specialists<\/li>\r\n\t<li>Marketing Managers<\/li>\r\n\t<li>Supervisors of Retail Salespersons<\/li>\r\n\t<li>Registered Nurses<\/li>\r\n\t<li>Bookkeeping, Accounting &amp; Auditing Clerks<\/li>\r\n\t<li>Supervisors of Food Preparation &amp; Servers<\/li>\r\n<\/ul>\r\n<h3>Office Vacancy Rates<\/h3>\r\nThe office vacancy rate in DuPage County dropped from 16.9% in the second quarter to 16.2% in the third quarter of 2015.\r\n\r\nWhile DuPage County has the second highest office vacancy rate in the region, we\u2019ve showed promising recent activity.\r\n\r\nSome of the top lease transactions during the third quarter included:\r\n<ul>\r\n\t<li>Inland Real Estate in Oak Brook<\/li>\r\n\t<li><a href=\"https:\/\/www.vauto.com\/home\/\" target=\"_blank\" rel=\"noopener noreferrer\">vAuto<\/a> in Oakbrook Terrace<\/li>\r\n\t<li><a href=\"https:\/\/www.athletico.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Athletico<\/a> in Westmont<\/li>\r\n\t<li>Deen Investments in Naperville<\/li>\r\n<\/ul>\r\n<h3>Industrial Vacancy Rates<\/h3>\r\nThe industrial vacancy rate dropped from 5.7% in the second quarter to 5.4% in the third quarter.\r\n\r\nDuPage County continues to have the lowest industrial vacancy rate in region.\r\n\r\nOver the last five years, industrial vacancy rates have had a nearly continuous decline in DuPage County, dropping a total of 8.1% since 2010.\r\n<h2>Industry Spotlight: Transportation and Warehousing<\/h2>\r\nTransportation and warehousing is thriving in DuPage County, and considered one of the County\u2019s top growth industries.\r\n<h3>Location<\/h3>\r\nThis is fueled by DuPage County\u2019s prime location in the heart of an extensive multi-modal transportation network.\r\n\r\nProximity to:\r\n<ul>\r\n\t<li>O\u2019Hare and Midway International Airports<\/li>\r\n\t<li>Major interstates including I-355, 88, 55, and 290<\/li>\r\n\t<li>The nation\u2019s hub for rail freight<\/li>\r\n<\/ul>\r\nThis means\u00a0businesses have access to an efficient flow of goods, people and information both domestically and internationally.\r\n<h3>Workforce<\/h3>\r\nToday, DuPage County has a transportation and warehousing workforce of nearly 27,000.\r\n\r\nSince 2010, employment in this sector has increased 8%. And over the next 10 years an estimated 7,707 jobs will become available through replacement and growth demands, bringing the projected total jobs to 34,546 by 2025.\r\n<h3>The Market<\/h3>\r\nThe existing warehousing inventory in the West Suburban Market, which includes DuPage County, has over 180 million square feet of rentable building area, making it a top market in the region.\r\n\r\nThis includes 3,284 buildings, over 1,100 acres of land, or 16.5 million square feet of new industrial development potential.\r\n<h3>Western Access O&#8217;Hare<\/h3>\r\nAnd at the heart of all this lies the <a href=\"https:\/\/www.choosedupage.com\/western-access-ohare\/\" target=\"_blank\" rel=\"noopener noreferrer\">Western Access O\u2019Hare project,<\/a> which will ultimately provide a western access point to O\u2019Hare International Airport. It begins with the extension to the Elgin-O\u2019Hare expressway and the creation of a bypass to connect I-90 and 294.\r\n\r\nThe increased transportation and infrastructure will become a prime location for businesses and future development.\r\n\r\nConsider the benefits:\r\n<ul>\r\n\t<li>Prime Location<\/li>\r\n\t<li>127 square-miles of available land<\/li>\r\n\t<li>Skilled workforce<\/li>\r\n\t<li>Savings of fuel and time<\/li>\r\n\t<li>An unparalleled quality of life<\/li>\r\n<\/ul>","protected":false},"excerpt":{"rendered":"Here is the economic indicators report for the third quarter of 2015.","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[34,35],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Third Quarter 2015 Economic Indicators - 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