With several large companies moving their headquarters to Chicago, the demand for home relocation services is anticipated to increase moving forward.
Betting on this is Related Realty, who has been named the Chicago affiliate of Beverly Hills-based Leverage Global Partners, an international network of luxury boutique brokerages that assist buyers looking to relocate with their home search.
As Leverage Global Partners’ sole Chicago member, Related Realty will serve as the single point of contact for any Leverage affiliate with clients who are considering a move to Chicago.
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Employees of ConAgra may be be some of Related’s clients in the near future, as in October the company announced it would be moving its headqurters from Omaha, Nebraska to Chicago. The move will bring an estimated 700 jobs to the city.
Several days ago, global banking firm HSBC Holdings announced it is moving 200 relatively high-paying jobs from New York to its soon-to-open local headquarters in northern suburban Arlington Heights.
Overall luxury home values in Chicago have remained relatively unchanged during the past 12 months.
According to a recent Redfin report, the average sale prices of a luxury home in Chicago during the third quarter was $1.6 million, a year-over-year decline of 1 percent. Redfin considers luxury homes to be those priced in the top 5 percentile of all area homes.
