Chicago’s ‘global city’ status confirmed by new JLL report

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Chicago saw more than $7 billion of direct commercial real estate investment in 2010 and 2011, the 14th-most of any city in the world according to a new Jones Lang LaSalle report, “A New World of Cities: Redefining the Real Estate Investment Map.”

As recently as 8 years ago, Chicago ranked as high as No. 7 on the list, but has recently been surpassed by such up-and-coming locales as Shanghai and Beijing.

While fully half of all CRE investment dollars are now funneled into 30 top cities, the report predicts that investors will widen their horizons in the coming decade. By 2020, the ‘top 30’ is more likely to be the ‘top 50’ as cities such as Mexico City, Delhi, Istanbul and other Chinese cities join the ranks.

You can read the full report here.

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