Chicago is the third largest city in the U.S., and home to thousands of businesses, which makes it a robust relocation destination with transferees moving from cities around the world. In a 2012 Penske Truck rental survey, Chicago ranked No. 5 as a relocation destination. In 2013, Chicago ranked No. 8. Similarly, United Van Lines moving company ranked Chicago the No. 2 moving destination in 2012 in its migration survey; in 2013, Chicago ranked No. 4.
Chicago is a top market for what is, according to Worldwide ERC, a $9.3 billion market, and one that is growing as the economy continues to improve. With so much relocation activity in the Chicagoland area, many real estate companies are ramping up their efforts to recruit and train agents for their relocation teams to better serve the increasing number of relocating clients. Here is what agents need to know to get involved.