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The City of Big Shoulders carries the might of the Midwest

Diverse economy, strong infrastructure, high costs of entry keep the Chicago commercial market in balance
From the vantage point of Armour Square, 1 mile west of the lakefront and named after the meatpacking industrialist Philip Danforth Armour, market observers can see how highways, freight lines and mass transit support Chicago's commerce. (Robert Gigliotti/CoStar)
From the vantage point of Armour Square, 1 mile west of the lakefront and named after the meatpacking industrialist Philip Danforth Armour, market observers can see how highways, freight lines and mass transit support Chicago's commerce. (Robert Gigliotti/CoStar)
CoStar Analytics
January 16, 2025 | 9:53 P.M.

Once deemed the "City of Big Shoulders" for its blue-collar might in the meatpacking and railroad industries, Chicago's broad shoulders now carry one of the nation's most diverse economies, where no industry sector bears more than a 15% share of the region's marketplace. So, while Chicago's stockyards have been permanently closed since 1971, Chicago has since learned to lean into its inherent strengths as a central locale with superior intermodal hubs, two international airports, financial resources, world-class universities and the intellectual capital derived from the thousands who annually graduate from college and move to the Windy City to begin their new careers.

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