Investors Prize Chicago for Diverse Economic Base

Investors prize Chicago above New York City in the latest Emerging Trends in Real Estate report, an annual publication by the Urban Land Institute and PricewaterhouseCoopers LLP. Crain’s Chicago Business reports real estate executives ranked Chicago 14th among 75 U.S. markets for investment attractiveness in 2015. Chicago scored 3.46 (on a 1-to-5 scale) to beat out Manhattan, long heralded as a choice location for real estate deals. The report cites Chicago as having one of the most diverse economic bases in the country, and “one of the major core real estate markets in the United States.” These factors contribute to its strong appeal to both domestic and global real estate investors. The study is based on more than 1,000 surveys and 391 interviews with executives at real estate trusts, investment firms, development companies, brokerages and others working in commercial real estate. Read the complete report here. Chicago’s active and successful commercial real estate practitioners who are attuned to the regional market comprise the CommercialForum, serving all commercial practitioners — REALTORS® and non-REALTORS® — across Chicago.