The city of Chicago received some good news last week: According to a feature story by Crain’s Chicago Business, Chicago experienced the sixth-highest growth in tech jobs in the country in the last two years.
That’s good news for the owners of Chicago condominiums and single-family homes. The tech field is an important one today, boasting some of the highest-paying jobs in the country. If Chicago is home to more of these jobs, a greater number of people will want to live here.
And that can only help Chicago housing prices to continue their steady rise.
According to the Crain’s story, Chicago saw a growth of 19.3 percent in jobs at tech companies from 2011 through 2013. This put Chicago ahead of other high-tech cities such as Seattle and Boston.
San Francisco, of course, was number one in tech jobs from 2011 through 2013. The west coast city saw a 51.1 percent increase in these jobs during that time, according to the Crain’s story. Following San Francisco came Austin, Texas, New York City and Silicon Valley.
According to Crain’s, Chicago added about 12,000 tech jobs from 2011 through 2013. Some big players in the city’s tech scene today include Twitter, Salesforce.com, Facebook and Yelp.
What makes Chicago attractive to tech companies? For one thing, a lot of tech workers want to live in the city. It’s a fun place to be, with plenty of restaurants, theaters, bars and shops. And, as the Crain’s story says, it’s not the most expensive real estate market in the country. It’s certainly a more affordable market than is San Francisco or New York City.
I hope that tech companies and their workers continue to flock to Chicago. The more highly skilled workers the city attracts, the better it will be for Chicago’s still-improving housing market.