The Real Estate Industry Is Benefiting From The City"s Tech Boom

With the Chicago tech industry on the rise, it would seem that the real estate industry in Chicago is taking off with it.
The Chicago tech industry realized a growth rate of approximately 25.
8% from 2010 to 2013.
With a strong economy, these numbers show that the tech industry will continue to grow in the coming years.
This increase is much more than that of its counterparts in Silicon Valley and New York.
Apart from the growth rate, Venture Capital funding is another indicator that the tech industry will continue to prosper.
In fact, Chicago startups have recently received about $1.
6 Billion in Venture Capitalist funding.
Another industry that has benefitted from the recent Chicago tech boom is the real estate industry.
Indeed, the tech hubs of Chicago have seen tremendous real estate price appreciation in recent years.
For example, the area of Goose Island experienced an increased demand in commercial space, notably by the City Works and R&D labs that are starting to open and operate soon.
This area has also enjoyed infrastructure improvements, as Chicago aims Goose Island to be a major tech hub.
Goose Island is not only the area where we see growth and development.
Another area is the Fulton Market District.
Here, we have seen the Google Complex, Fulton West, Harpo Studios and Sterling Bay Properties rapidly develop the area.
And with these developments make sense, since we have seeing an enormous influx of tech engineers and other tech employees from this industry.
The demand for these areas is at an all time high.
There is clearly a need for housing space, thus, apartment construction is on the rise.
For those that want to sell, you are truly in a sellers market since the inventory/supply is low in the area.
For those that actually do have properties to sell in these areas, it would be good to try Flat Fee MLS Listing Services by Titcomb Realty.
This is a selling option that provides wide marketing exposure and advertising of your property on the MLS.
Your property will be listed for sale in the MLS database that syndicates listings to millions of potential buyers everyday.
Indeed, with the influx of tech companies and startup companies in Chicago, there are other companies that are also benefiting, notably, the real estate industry, but other industries as well.
So if you plan to invest in Real Estate in the United States consider Chicago.