A report focusing on the greater Chicago metro area is seeing alot of potential in the suburbs, despite growing jitters over theeffects that the COVID-19 pandemic is likely to have on the broaderreal estate market.
A report from Colliers International entitled "Signsof Life in the Suburbs" has found that the suburbsaround the windy city are well positioned to meet the changingneeds of tenants, landlords and businesses in the wake of theCOVID-19 pandemic. Specifically, the report said the suburbs arebecoming more desirable as milennials entering the market areincreasingly looking to the suburbs, and large companies are alsoincreasingly looking to open satellite offices in less denselypopulated areas.
All sides of the real estate equation have also worked togetherin making sure the markets stay viable despite the COVID-19 relatedshocks, the report said.
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Max Mitchell
Max Mitchell is ALM's Regional Managing Editor for The Legal Intelligencer, New Jersey Law Journal, Delaware Business Court Insider and Delaware Law Weekly. Follow him on Twitter @MMitchellTLI. His email is [email protected].
