How Major Employers Affect Real Estate in Chicago

How Major Employers Affect Real Estate in Chicago

Many families end up moving out of the state or country for a career opportunity. It can be a lengthy and difficult decision to make and relocating for work can come with a lot of obstacles. Selling a house, sometimes quickly can end up being a huge burden when trying to focus on all the other aspects of relocating. How fast you can sell a house can sometimes depend on the job opportunities offered in the city near you. It’s no surprise that people want to live as close to their jobs as possible to avoid a stressful daily commute. Depending on the area, the Chicago housing market has seen cooler trends. This can make it very difficult to sell a home quickly. Luckily, there are many major employers that help improve the housing market here in Chicago. Here are some of the major employers that help improve the growth of the economy in Chicago.

Boeing

Boeing international headquarters in a 36 floor building at 100 North Riverside Plaza near the Chicago River. Boeing designs builds and sells planes, rockets and satellites all over the world. They are one of the leading manufacturers of global aircrafts. Boeing currently ranks number 27 on the fortune 500 list. They offer jobs in business, cybersecurity, engineering, IT and manufacturing. As of July, the company had 156,921 employees. They offer tuition assistance, almost no cost healthcare, incredible retirement account matching and give most employees the last week of December off.

Walgreens

Walgreens has their corporate office in Deerfield Illinois about thirty minutes outside of Chicago. Walgreens has been very successful and is the second largest pharmaceutical chain in the country. Walgreens employs more than 240,000 people. Walgreens has 8,173 stores and each store has about 20-25 employees. They have estimated that almost 76% of the population of the USA lives within 5 miles of a Walgreens.

Kraft Foods

The Kraft Heinz company has their corporate headquarters in Northfield Illinois. They are the #5 food and beverage company in the world. Their brands include Oscar Mayer, Capri Sun, Jell-O, Planters, Lunchables, Philadelphia and Velveeta. While they are headquartered locally, they have operations all over the world in 40 other countries including Brazil, Poland, Japan, Korea, Mexico. The company is so big that they actually have two headquarters, the other in Pittsburg.

Caterpillar

The popular machinery company has its corporate headquarters in Peoria Illinois. Caterpillar designs and builds machinery and engines for mining, turbines and locomotives. They also offer insurance and financial products. They are ranked number 44 on the Fortune 500 list and have over $89 billion in assets.

Allstate

Allstate is the second largest insurer in America for personal insurance products. The company is headquartered in Northbrook Illinois. Allstate employs over 40,200 people. They offer tons of jobs in sales, claims, customer service, human resources, real estate, marketing, actuarial and risk management and much more. They strive to create a work life balance for employees which attracts many to the company and keeps employees at the company long term.

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