By 1980, Schaumburg had expanded to 18.3 square miles of land area, and its population had swelled to 53,305 residents. During the early and mid 1980s, development focused on large corporate office buildings and the emerging Woodfield Regional Center along Golf Road. The late 1980s was characterized by the vast expansion of small manufacturing and warehouse uses in the industrial and business parks in the village's northeast and southwest quadrants. Other development such as large manufacturing facilities, commercial retail centers, and large suite hotels boomed in the 1980s.
By 1990, Schaumburg's population, while still increasing, was beginning to slow as land available for residential development was rapidly disappearing. The population in 1990 had risen to 68,586, an increase in 15,281 persons since 1980. Although this was still an impressive growth rate, it was apparent Schaumburg was nearing residential build-out and that future increases would be diminishing.
Office development in the 1990s had also slowed. The once booming office market slumped due to the large supply of office space in the northwest suburbs and the limited demand by typical users in the financial, insurance, and real estate sectors. Yet, the Schaumburg commercial market enjoyed substantial expansion during this period. Since 1990, Schaumburg has witnessed the development of 2.0 million square feet of commercial space including a variety of retail uses. One Schaumburg Place, now known as Streets of Woodfield after being redeveloped, and Woodfield Village Green were built in the early 1990s. A bright future was also reflected by the Woodfield Mall expansion which included approximately 500,000 square feet of commercial space to accommodate Nordstrom department store and several other retail stores. IKEA, an internationally known home furnishings store, opened a 458,000 square foot facility in the Woodfield Regional Center in the late 1990s.
NEXT