Commercial Real Estate Is CHANGING Chicago's Neighborhoods in 2025

The landscape of Chicago real estate is shifting fast, and the changes in Chicago commercial real estate are playing a major role. Since COVID, office vacancy rates have soared, small businesses have struggled to survive, and skyrocketing commercial property taxes are putting pressure on both business owners and homeowners. Chicago’s beloved neighborhoods—built around vibrant local shops, restaurants, and walkable amenities—are at risk as we see more empty storefronts and stalled developments. But is there hope for a turnaround?Some vacant office spaces are being repurposed, innovative redevelopment plans are in the works, and forward-thinking retailers are slowly making a comeback—placing bets on Chicago’s resurgence. If you want to understand how these shifts could impact your home value, your buying power, and your future in Chicago’s real estate market, this episode is a must-watch.0:55 - Jump to the Commercial Discussion24:35 - Jump to the Residential / Mortgage DiscussionKey Questions Answered* What is the current state of the Chicago real estate market?* Why should Chicago home buyers and sellers care about commercial real estate?* What plans are being used to repurpose vacant spaces throughout the city?* What strategies should buyers use to stay competitive in a fast-moving Chicago real estate market?Expert Guests & TopicsDeena Zimmerman (Baum Realty): Discusses the state of Chicago commercial real estate and how new restaurants, shops, and other commercial projects are shaping the unique character of Chicago neighborhoods. Learn how these commercial properties influence nearby home values and what they mean for Chicago’s residential real estate scene.Dan Gjeldum (RATE Mortgage): Covers how current economic policies – including insights on Trump’s policies – might impact the Chicago real estate market. Hear about expected interest rate trends and discover new loan products available to Chicago home buyers today. Find out how these tools can help you seize opportunities and stay competitive in your Chicago home buying journey.Tune in to hear in-depth answers to all these questions and more from our expert guests. Our discussion will help you understand what's really happening in Chicago's real estate landscape right now – and why it matters if you're buying or selling a home in Chicago.