EDG News

today's news

A growing share of young adults are remaining in their parents’ homes, a trend that could shape future demand for both apartments and single-family housing as affordability challenges persist across many states, according to the National Association of Home Builders (NAHB).

today's news

A strong majority of business executives believe artificial intelligence will improve their work, even as many anticipate it will reduce workforce sizes, according to a global survey by the Conference Board.

today's news

Chicago’s retail market has strengthened significantly over the past three years, with vacant storefronts filling faster than at any point in nearly a decade. In 2022, lease-up periods averaged roughly 12 months, reflecting lingering pandemic uncertainty and an oversupply of large-format vacancies.

today's news

CHICAGO (January 6, 2026) – ComEd today announced the first set of new Transmission Security Agreements (TSAs) designed to protect customers and ensure fairness in the cost of connecting and providing transmission service to new large loads requesting service from the grid. These agreements help safeguard existing customers from bearing costs of serving proposed large load projects and ensure that those new projects pay their fair share even if they do not fully materialize.

today's news

People in Elgin spend a lot of time on their electronic devices either at home or work.

today's news

Industrial vacancy rates were at an all-time low of 2.11% in the third quarter of 2019. With millions of square feet of new construction added in the last few years and a few large buildings that have recently come on the market the rate has stabilized at 6.05% today.

today's news

The Elgin Development Group monitors vacancy rates in the City of Elgin and reports metrics from time to time to measure the status of the office, retail, housing, industrial, and overall real estate markets.

today's news

U.S. consumer sentiment edged higher for the second straight month in the latest January survey by the University of Michigan. A closely watched index reached its highest level since September but reflected lingering concerns about inflation and employment.

today's news

Home mortgage rates have seen a gradual decline in the final weeks of 2025, although surveys from U.S. lenders show that application activity has remained relatively subdued, according to industry analysts.

today's news

Site Selection magazine, a 73-year-old economic development journal, ranks city’s, counties, and State’s annually in various categories such as workforce development,

build-to-suit project is a significant addition

Opus has officially broken ground on a new, specialized 52,174-square-foot facility for family-owned Elgin Recycling in Gilberts, Illinois. This build-to-suit project is a significant addition to the Turnberry Lakes Business Park, strategically placing it near Elgin Recycling's corporate headquarters and one of its four existing Chicago-area scrap yards.

Payment Created by Climate and Equitable Jobs Act to Protect Customers

ComEd today announced that over $803 million will be returned to customers under the framework established in Illinois’ Climate and Equitable Jobs Act (CEJA) enacted in 2021,

today's news

According to a recent National Restaurant Association survey, fewer consumers are dining out, reflecting broader concerns over stagnant economic growth. The data highlights a troubling trend for the restaurant industry, as both sales and customer traffic continue to suffer.

today's news

The U.S. homeownership rate remained steady at around 65% in the third quarter of 2023, according to the latest data from the Commerce Department, released Thursday.

today's news

U.S. manufacturing activity declined for the 10th straight month in December, underscoring persistent caution among companies and raising concerns about near-term demand for industrial real estate.

today's news

Despite facing challenges like e-commerce growth, a global pandemic, and rising interest rates, U.S. shopping centers have proven remarkably resilient. As we head into 2026, these retail centers are attracting significant investment, making them one of the hottest sectors in commercial real estate.