Chicago’s relationship with the tech sector is a little more standoffish than, say, Silicon Valley’s. It’s an important industry, but one of many that power its economy, says Cushman & Wakefield.
That being said, the firm’s Tech Cities 2.0 report notes that Chicago has established itself as an important city for technology, and as an increasingly appealing choice for tech tenants and their young employees. Companies such as Microsoft, Google and Salesforce have established a major presence downtown.
Furthermore, Cushman & Wakefield reported that non-tech companies that rely on strong tech functions are moving here because of the strong talent pool.
“A confluence of factors such as access to talent, top universities, a relatively low cost of living, and relatively inexpensive real estate costs make Chicago a very appealing city for tech entrepreneurs and for larger, more established tech firms looking to scale,” said James Stein of Cushman & Wakefield Chicago.
Get to know us and Chicago’s commercial real estate elite at Connect Media’s Chicago launch event, scheduled for Nov. 8.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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