On The Market Could the Midwest "Startup Surge" Fuel Price Growth in These Cities?
Feb 10, 2025
Austin Wolff, an in-house analyst at BiggerPockets, joins Chicago real estate investor Dan Nelson to discuss the Midwest's emerging role as a startup hub. They explore how lower home prices and robust educational institutions attract tech investments. Key markets like Minneapolis and Indianapolis are highlighted for their rental potential and job growth. Wolff and Nelson also weigh in on market risks, local dynamics, and which cities might see significant appreciation as the startup surge unfolds.
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Startup-Friendly Metrics
- Startup-friendly cities attract businesses due to factors like number of startups and exits.
- Other factors include university systems, government support, and tax climate.
Chicago's Startup Ecosystem
- Chicago has the most startups and exits in the Midwest, attracting venture capitalists.
- Chicago offers a large, educated workforce due to its universities and appeal to graduates.
Chicago's Startup Growth
- In 2012, J.B. Pritzker launched project 1871, boosting Chicago's startup scene.
- This attracted VCs who found more success in Chicago due to affordability and universities.
