OZs Produced an Extra 2.2% Per Year in Neighborhood Home Price Appreciation

June 30, 2021

Reading time: 1 minute

Opportunity Zones prove to have a meaningful economic impact on single-family home prices as well as commercial property prices.  The article below from GlobeSt.com outlines the impact.

Three years ago, the Tax Cuts and Jobs Act of 2017 created a provision, known as qualified opportunity zones, to rejuvenate economically distressed communities across the US and its territories.

With roughly half of qualified opportunity funds focused on real estate projects and development, a significant group has chased real estate. On the commercial property side (including apartments, office, industrial, and retail), transactions carried a 14% to 20% price…  Read full article on GlobSt.com

Ashley Dillard, CCIM

Senior Director

Ashley has an extensive knowledge of the Chicago commercial real estate market. After graduating from University of Kansas with a degree in architectural studies, she worked in Kansas City as a commercial leasing agent at a 2.1 million square foot office park. While working for an institutional owner, she learned valuable skills such as client reporting, communication and accountability.


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Opportunity Zones By The Numbers


The total number of census tracts certified as Opportunity Zones by the U.S. Treasury.


Potential unrealized capital gains eligible for Qualified Opportunity Fund investment and tax treatment.


Treasury Secretary Steven Mnuchin’s estimate of private capital that will flow into Opportunity Zones.