Tech May Give Chicago’s Real Estate Market a Boost

The quality of tech in U.S. cities may help some of them dig themselves out of the real estate hole caused by the pandemic.

That hopeful sign is part of a report by STORAGECafé, a storage space marketplace built by real estate data firm Yardi. Their analysis looked at how well-networked certain regions of the U.S. are, and how ingrained they are in their local economies.

Just about all real estate professional know that a booming local economy leads to a more vibrant real estate market. The report says that, “Companies that are providing the digital tools we need to keep remote work going are expanding during this crisis, so it makes sense that areas where more people work in the tech sector could bounce back faster if these jobs are more plentiful during a time of record-high unemployment.”

Chicago is one of the study’s top 20 most technologically well-prepared U.S. metropolitan areas, so Chicago may be poised for a more robust post-virus boost than other cities.

There is hope, people!

Read on HERE

Mr. Willig engages and coordinates a professional team of real estate brokers, general contractors, leasing agents, and property managers in order to rehabilitate, lease and maintain the properties he acquires for SpringView Investments. He has over 20 years of finance and accounting experience.