Crystal Lake is the undisputed leader in real estate business development – ​​REJournals

The City of Crystal Lake continues to grow, leading to strong commercial, office and industrial real estate markets with exceptional and continued growth opportunities.

With a population of 40,000 and just 35 miles from O’Hare Airport, two Metra train stations and plenty of outdoor recreation opportunities, Crystal Lake is a McHenry County and Chicagoland hub for new development. immovable. Data from CoStar shows that Crystal Lake’s retail vacancy rate is 4.9%, the industrial vacancy rate is 1.87% and the office vacancy rate is 7.9 %, showing a strong market below industry averages. Robust markets generate more demand and it is clear that Crystal Lake is the right place for new business.

Last year, residents and visitors spent more than $1.3 billion on retail sales, according to the Illinois Department of Revenue. In terms of retail sales, Crystal Lake is in the Top 20 Retail Sales in the Chicagoland Metro Area. Additionally, Crystal Lake has been recognized by Livability as one of the best communities to live in for an affordable lifestyle near Chicago. Earlier this year, the city was awarded Standard & Poor’s AAA global rating, the highest possible, proving its financial strength and stability. “Thriving businesses are a testament to our success as a community,” said Mayor Haig Haleblian.

Crystal Lake is excited to welcome many new and growing national brands to the market including McAlister’s Deli, Guzman Y Gomez, Crumbl Cookies, Summer Moon, Ollie’s Bargain Outlet, Orange Theory, Mercyhealth Hospital Campus and more. . Mike Shipley, owner of fast-growing coffee company Conscious Cup, is in the process of expanding his business and adding a headquarters in Crystal Lake. “We have five outlets, including our flagship in Crystal Lake,” he says. “We are adding a warehouse to expand our roasted bean and bottling syrup wholesale business, and we decided to locate it and expand in Crystal Lake because it is such an exceptional community.”

With many new business expansions and new job opportunities in the city, housing growth is also on the way. Enclave is a new 99-unit luxury apartment and townhouse complex located in downtown Crystal Lake by Hamilton Partners and Harlem Irving. Another new development underway is Redwood, a 304-unit ranch-style townhouse community. Housing choices are key to smart growth. The completion of The Springs, a 280 unit luxury apartment development and the continued construction of approximately 500 single family homes by Lennar illustrates the continued growth and quality of developments found in Crystal Lake.

Clearly, the Crystal Lake market is booming. From quality of life to location to a vibrant business community, Crystal Lake has everything a Chicago area business needs to succeed.

Learn about upcoming developments and available opportunities by contacting the City of Crystal Lake at (815) 356-3737 or by visiting ClearlyCrystalLake.com.


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