Quantum computing is poised to revolutionize real estate, with commercial viability just around the corner. Last year, quantum companies generated less than $750 million in revenue, but forecasts suggest $20 billion in investments by 2030 and $100 billion in revenue by 2035. Major players like Microsoft, IBM, Google, and Amazon are already investing in this technology.

Chicago is emerging as a key hub for private real estate development around quantum computing. The Illinois Quantum and Microelectronics Park, funded by the state of Illinois, is set to span 128 acres. Quantum computing cannot coexist with traditional data centers due to its unique infrastructure requirements, including electromagnetic shielding to prevent noise. The future of quantum real estate may involve integration with data centers or remain concentrated in specialized hubs.

As quantum computing advances, its applications in industries like pharma, agriculture, material science, and financial services are just beginning to be understood. Analysts predict a potential “quantum advantage breakthrough” around 2030, triggering $50 billion in investments. With quantum computing on the rise, the real estate sector is gearing up for a significant ramp in development to support this burgeoning technology.

Read more at CNBC: commercial real estate’s next big tailwind