Highwood, Illinois Commercial Real Estate 0 Listings

Highwood, Illinois: A Premier Destination for Commercial Real Estate

Introduction

Highwood, Illinois, presents a compelling opportunity for commercial real estate (CRE) professionals. Nestled in Lake County, Highwood is a vibrant city known for its strategic location and robust economic foundation. The city's size may be modest, but it punches above its weight with a diverse economy driven by thriving industries such as technology, healthcare, and manufacturing. Highwood's unique positioning near major transportation hubs enhances its appeal as a CRE destination.

Economic and Industry Overview

Highwood's economy benefits from several key industries that bolster demand for various commercial property types, including office, industrial, and retail spaces. The healthcare sector is prominent, with numerous clinics and medical offices driving demand for office real estate. The city's manufacturing base, although smaller compared to nearby hubs, plays a crucial role in sustaining demand for industrial properties. Highwood's proximity to Chicago also facilitates a technology sector that increasingly requires flexible office spaces.

Regional economic development initiatives, such as those by Lake County Partners, focus on fostering business growth and attracting investment, further enhancing the CRE landscape in Highwood.

Strategic Location and Transportation Infrastructure

Highwood boasts excellent connectivity, making it an attractive choice for businesses relying on efficient logistics. The city is conveniently situated near major highways, including I-94, which provides swift access to Chicago and Milwaukee. Public transportation options, such as the Metra rail line, enhance commuter convenience, linking Highwood to the broader Chicago metropolitan area.

For businesses requiring air travel, Chicago O'Hare International Airport is within a reasonable distance, offering extensive domestic and international connections. Highwood's strategic location ensures seamless distribution and a robust labor pool. More information can be found on the Illinois Department of Transportation.

Commercial Real Estate Inventory & Zoning

Highwood's commercial real estate market is organized into several key submarkets, including the Central Business District and industrial corridors. The city offers a diverse range of asset classes, including industrial, retail, flex, office, and medical spaces. Recent zoning changes have introduced incentives for developers, encouraging mixed-use and sustainable development projects.

For detailed zoning maps and parcel information, visit the City of Highwood Zoning Maps.

Major Employers and Institutions

Highwood's CRE demand is significantly influenced by its major employers and institutions. Key players include healthcare providers, manufacturing firms, and educational institutions. Notable employers include the Highwood Hospital and several technology firms. The presence of these institutions ensures a steady demand for commercial spaces.

For a comprehensive list of top employers, consult the Highwood Business Directory.

Notable Commercial Developments & Projects

Highwood is witnessing several significant commercial developments that promise to enhance its CRE market. Mixed-use projects and innovation parks are particularly noteworthy, offering a blend of office, retail, and residential spaces. Public-private partnerships and designated Opportunity Zones present additional investment opportunities.

For more information on ongoing projects, refer to the Highwood Planning Department.

Building Permits, Planning, and Development Tools

For CRE professionals seeking to navigate Highwood's development landscape, the following resources are invaluable:

Market Data & Economic Reports

Highwood offers a wealth of market data and economic reports to assist CRE professionals. Public datasets, such as those available on census.gov, provide valuable insights into the local economy. Brevitas utilizes AI-powered aggregation from these public data sources, alongside proprietary insights, to deliver comprehensive market intelligence.

Explore Brevitas-powered dashboards for Highwood, Illinois here.

Why Use Brevitas for Highwood, Illinois CRE?

Brevitas stands out in the CRE marketplace by offering AI-driven discovery, real-time market alerts, smart property pages, and dealroom collaboration. Unique features include: