Lake Zurich economic news

Lake Zurich officials have announced a reduction in retail and industrial vacancies in the village. The retail vacancy rate has gone from 7 percent in the first quarter of this year to 5.2 percent in the second quarter that ended in June. Similarly, the industrial vacancy rate has dropped from 6.4 percent in the first quarter to 5.6 percent in the second quarter. "Lake Zurich continues to thrive as the economic hub of southwest Lake County," Mayor Thomas Poynton said in a news release. "Our strength in attracting major retailers and industrial companies comes with being at the crossroads of Route 12 and Route 22, plus access to a highly educated labor pool and being surrounded by many affluent communities."