Several large, Chicago-based firms, including Aon and Illinois Tool Works, have expanded into or relocated to Ireland since 2021—but that’s only half the story.
Adviser Brenda Jacobsen is holding her breath and suggesting an uptick in activity late last year and the first quarter this year heralds a comeback in 2024 transaction volume overall.
In Illinois, Chinese investors own only about one square mile of land, while Portuguese, Italian, and Canadian interests hold over 760 square miles combined.
As of 2021, China owned less than 1% of all foreign-held land in the U.S. Canada, by contrast, held more than the entire area of Vermont and New Hampshire combined.
Chicago's strategy to boost international tourism through partnerships, like Brazilian influencer Lucas Estevam, aims to attract diverse audiences with tailored experiences.
From Medellín to Chicago, digital nomads are on the rise, contributing significantly to the global economy. But locals worry these visitors are pricing them out.
