Former Senator Kirk Dillard once said, “Illinois has always been a mirror of America.” Nestled in the country’s Midwest, the state is as diverse as its people. Home to a number of small industrial cities, suburbs, and peaceful countryside, Illinois also houses bustling cities. There’s a reason the Associated Press referred to the state as a “perfect microcosm of the entire U.S.”
The U.S.’s third largest city, Chicago, sits in Illinois’s northeast corner on the scenic shores of Lake Michigan. Thanks to the Sears Tower, Millennium Park, Navy Pier, and many other landmarks, it’s a cultural capital and top tourist destination for both domestic and international travelers. In fact, Chicago has been consistently voted and ranked as the best city in the U.S..
But Chicago isn’t Illinois’ only draw. Though nicknamed the Prairie State and known for its agriculture, Illinois is an industrial powerhouse, leading in chemical, machinery, food, and plastics manufacturing. his economic diversity, coupled with the state’s rich demographic makeup, has led to Illinois’ reputation as a microcosm of the greater U.S. Major companies headquartered in Illinois include Allstate, Boeing, John Deere, Groupon, and United Airlines, representing innovation across all kinds of fields.
Not far from Chicago is the state’s second largest city, Aurora, which ranks highly for quality of life and mobility. In central Illinois, the riverfront city Peoria boasts more than 9,000 acres of parks and the annual Heart of Illinois Fair every summer. Just a short drive away is the capital, Springfield, famously known as the home of President Lincoln.
No state captures the country’s social and economic diversity. like Illinois. With its mix of urban and rural landscape and economic variety, Illinois is one of the best places for healthcare and medical professionals to put down roots.
Healthcare plays a critical role in Illinois’s economy. According to a recent economic impact report by the Illinois Health and Hospital Association, hospitals generate $101.3 billion for the state every year. More than one in 10 jobs in Illinois are in healthcare, with each hospital job creating a ripple effect of 1.4 jobs in other sectors. Chicago alone is home to more than 26,000 healthcare-related companies and 140 medical research centers.
Outside of hospitals, Illinois also has a thriving life sciences sector. The Illinois Medical District (IMD) is one of the U.S.’s largest urban medical centers, with 560 acres of labs, research facilities, medical universities, and more.
Given its lively healthcare and life sciences industries, Illinois is an ideal place for investing, buying, or leasing medical real estate. But no matter what kind of medical office or business you plan to open, real estate transactions are complicated—and even more challenging without the support of a qualified tenant representative.
Buyers and tenants in Chicago can rest assured they’re getting best-in-class service when working with CARR’s master tenant representation specialists. Our brokers are real estate professionals with years of experience in Illinois’ real estate market, and focus specifically on healthcare and medical properties.
From Lincoln Park to Englewood to Riverdale, our agents are deeply knowledgeable about Chicago’s real estate market and prepared to handle all of your unique needs and specifications. We strive to help you achieve your facility’s goals, which means doing our due diligence when conducting market research to find the best space and location for you.
You can count on CARR’s real estate professionals to create a customized strategy for your needs. We offer a complete suite of services, including:
- Comprehensive market research and analysis
- Lease renewals and terminations
- Site selection
- Expansions, relocations, and additional office locations
- Real estate purchases
- Transitions, mergers, and acquisitions
We know that having the right location is the foundation to any medical practice or office’s success. To start, our tenant rep broker will conduct a needs assessment to better understand your real estate goals, and then move on to comprehensive market research and financial analyses. Beyond getting the best price per square foot, we’ll look into the specific populations your office or practice serves—and identify where they’re located. The end result: a targeted, custom strategy that amplifies your medical and healthcare goals.
You can be actively involved or hands off—it’s up to you. Either way, you can count on CARR to deliver premium tenant representation.
Our professional tenant representatives are ready to help you find the best deal for your medical practice. Contact one of CARR’s agents today.