{"id":1004805627,"date":"2026-07-16T07:56:02","date_gmt":"2026-07-16T15:56:02","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004805627"},"modified":"2026-07-16T07:56:04","modified_gmt":"2026-07-16T15:56:04","slug":"what-the-quantum-computing-boom-means-for-cre","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/what-the-quantum-computing-boom-means-for-cre\/","title":{"rendered":"What the Quantum Computing Boom Means for CRE"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a591816877fd&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignright size-large is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004800194\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/top-5-office-projects-under-construction-in-chicago\/illinois-quantum-microelectronics-park-3\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/05\/Illinois-Quantum-Microelectronics-Park.jpg\" data-orig-size=\"1379,1034\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1734341913&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Illinois Quantum &#038; Microelectronics Park\" data-image-description=\"&lt;p&gt;https:\/\/iqmp.org\/media\/iqmp-in-the-news\/?_source=iqmp-newsroom&#038;_paged=2&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Illinois Quantum &#038; Microelectronics Park will be the first campus built for technology and microelectronics innovation and scale-up. Image courtesy of IQMP&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/05\/Illinois-Quantum-Microelectronics-Park.jpg?w=1024\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" height=\"768\" width=\"1024\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/05\/Illinois-Quantum-Microelectronics-Park.jpg?w=1024\" alt=\"Exterior rendering of Illinois Quantum &amp; Microelectronics Park, a campus in Chicago.\" class=\"wp-image-1004800194\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/05\/Illinois-Quantum-Microelectronics-Park.jpg 1379w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/05\/Illinois-Quantum-Microelectronics-Park.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/05\/Illinois-Quantum-Microelectronics-Park.jpg?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/05\/Illinois-Quantum-Microelectronics-Park.jpg?resize=1024,768 1024w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">Related Midwest is the primary developer of the Illinois Quantum &amp; Microelectronics Park, taking shape on Chicago&#8217;s South Side lakefront.<em> Image courtesy of IQMP<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>If quantum computing as a real estate story isn\u2019t on your radar, you might be behind the curve, according to a new report from JLL, which is tracking more than 240 quantum facilities across the world.<\/p>\n\n\n\n<p>More than $4 billion in quantum real estate projects are planned or under construction globally. In some cases, companies like IBM own their facilities outright, while others partner with private CRE players to develop and lease space.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.jll.com\/en-us\/insights\/the-future-of-quantum-real-estate\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">The report<\/a> categorizes facilities into nine distinct types, under three typical ownership models. Four are typically privately owned: corporate research laboratories, quantum fabrication sites, enterprise on-premises deployments and commercial hybrid data centers.<\/p>\n\n\n\n<p>Four more fall under public-sector ownership: academic research facilities, supercomputing\/high-performance computer centers, government research laboratories and military\/defense installations. The last type consists of public-private innovation centers under hybrid ownership.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO: <\/strong><a href=\"https:\/\/www.commercialsearch.com\/news\/cre-trends-at-midyear\/\">CRE Trends at Mid-Year<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>Quantum won\u2019t displace classical computing, nor will it disrupt data center investment, Matt Landek, JLL\u2019s global president of data centers and critical environments, told <em>Commercial Property Executive<\/em>,<\/p>\n\n\n\n<p>\u201cQuantum computing is creating a new category within digital infrastructure real estate,\u201d Landek explained, \u201cnot because it replaces traditional data centers, but because it introduces a highly specialized layer of compute that must sit alongside them.\u201d<\/p>\n\n\n\n<p>Landek said that the markets attracting the most momentum are places where research universities, public funding, advanced manufacturing and high-performance computing capacity are already intersecting. Those factors are even more important than just power or land availability.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a591816887ac&quot;}\" data-wp-interactive=\"core\/image\" class=\"aligncenter size-large wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"698\" height=\"550\" data-attachment-id=\"1004805628\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/what-the-quantum-computing-boom-means-for-cre\/jll-quantum-report-public-private-investment\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/07\/JLL-Quantum-Report-Public-Private-Investment.png\" data-orig-size=\"698,550\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"JLL-Quantum-Report-Public-Private-Investment\" data-image-description=\"&lt;p&gt;Chart used with permission from report.&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;While most quantum facilities are currently publicly owned, JLL predicts that will change over the next decade. Image courtesy of JLL&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/07\/JLL-Quantum-Report-Public-Private-Investment.png?w=698\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/07\/JLL-Quantum-Report-Public-Private-Investment.png?w=698\" alt=\"A pie chart from JLL showing the breakdown of quantum site funding.\" class=\"wp-image-1004805628\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/07\/JLL-Quantum-Report-Public-Private-Investment.png 698w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/07\/JLL-Quantum-Report-Public-Private-Investment.png?resize=300,236 300w\" sizes=\"auto, (max-width: 698px) 100vw, 698px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">While most quantum facilities are currently publicly owned, JLL predicts that will change over the next decade. <em>Image courtesy of JLL<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>The technology can be dizzying, and so too are the numbers behind quantum investments. For example, four quantum IPOs in the first half of this year raised more than $2.7 billion.<\/p>\n\n\n\n<p>For those wanting a summary of the current technology, the report offers that, including estimates of the remaining technical milestones before full deployment of quantum computing. Even as universities and national laboratories are the nuclei of quantum computing, a major shortfall of qualified physicists, engineers and others is a sizable obstacle, despite investors\u2019 interest in quantum.<\/p>\n\n\n\n<p>\u201cThe pace of capital entering the sector has accelerated dramatically over the last two years,\u201d Landek said, \u201cwhile the workforce required to scale the industry remains exceptionally limited. That imbalance is pushing development toward tightly connected innovation clusters where talent pipelines already exist.\u201d<\/p>\n\n\n\n<p>He added that the industry will likely start to see deployment of hybrid facilities built for both classical and quantum workloads. Over time, ownership structures will likely shift from public institutions toward private capital.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-from-brownfield-to-quantum\">From brownfield to quantum<\/h2>\n\n\n\n<p>One major quantum center provides a case study. The <a href=\"https:\/\/www.commercialsearch.com\/news\/related-midwest-crg-to-develop-quantum-innovation-hub-in-chicago\/\">Illinois Quantum and Microelectronics Park<\/a> began development in September 2025 on a 128-acre site on Chicago\u2019s South Side lakefront, formerly home to a steel mill. Related Midwest is the primary developer.<\/p>\n\n\n\n<p>The University of Illinois, University of Chicago, Argonne National Laboratory and Fermilab are among the key sponsors, and the federal government has its hand in the site too, in the form of two Department of Energy quantum research centers, each funded at $125 million over five years. Key tenants are PsiQuantum, IBM, Diraq and Infleqtion, along with the DARPA-Illinois Quantum Proving Ground.<\/p>\n\n\n\n<p>The size of IQMP admittedly is an outlier, however. JLL noted that most quantum facilities are modest in size\u2014often under 150,000 square feet\u2014and affiliated with universities or government agencies.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-a-closer-look\">A closer look<\/h2>\n\n\n\n<p>On the inside, JLL reported, \u201ca quantum installation looks less like a server rack and more like a room within a room\u2014dilution refrigerators, vibration isolation and electromagnetic shielding sit beside standard air-cooled racks, linked by low-latency fiber to classical systems.\u201d<\/p>\n\n\n\n<p>Strategically, JLL predicts that quantum infrastructure is likely to evolve similarly to life science space, shifting from \u201ca predominantly public ownership profile toward greater private participation through the mid-2030s.\u201d<\/p>\n\n\n\n<p>The report emphasizes that the key for private investors isn\u2019t ownership of public infrastructure, but rather proximity to it.<\/p>\n\n\n\n<p>\u201cQuantum companies cluster tightly around university anchors and those markets are already densely valued,\u201d the report reads. \u201cInvestors who understand quantum\u2019s facility requirements today will have a structural advantage when deployment accelerates.\u201d<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Quantum won\u2019t displace conventional computing or data centers, but will instead integrate with both, according to JLL.<\/p>\n","protected":false},"author":882,"featured_media":1004800194,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1491,21755,21782,13,23891,21742,21747],"tags":[32796,34632],"class_list":["post-1004805627","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chicago","category-data-centers","category-development","category-midwest","category-national","category-latest","category-office","tag-jll","tag-related-midwest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>What the Quantum Computing Boom Means for CRE - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Quantum won\u2019t displace conventional computing or data centers, but will instead integrate with both, according to JLL.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/what-the-quantum-computing-boom-means-for-cre\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What the Quantum Computing Boom Means for CRE\" \/>\n<meta property=\"og:description\" content=\"Quantum won\u2019t displace conventional computing or data centers, but will instead integrate with both, according to JLL.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/what-the-quantum-computing-boom-means-for-cre\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2026-07-16T15:56:02+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-07-16T15:56:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/05\/Illinois-Quantum-Microelectronics-Park.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1379\" \/>\n\t<meta property=\"og:image:height\" content=\"1034\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Baltic\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/what-the-quantum-computing-boom-means-for-cre\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/what-the-quantum-computing-boom-means-for-cre\\\/\"},\"author\":{\"name\":\"Scott Baltic\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/61ac1450f3ffaa0e850b834c28526555\"},\"headline\":\"What the Quantum Computing Boom Means for CRE\",\"datePublished\":\"2026-07-16T15:56:02+00:00\",\"dateModified\":\"2026-07-16T15:56:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/what-the-quantum-computing-boom-means-for-cre\\\/\"},\"wordCount\":722,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/what-the-quantum-computing-boom-means-for-cre\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2026\\\/05\\\/Illinois-Quantum-Microelectronics-Park.jpg\",\"keywords\":[\"JLL\",\"Related Midwest\"],\"articleSection\":[\"Chicago\",\"Data Centers\",\"Development\",\"Midwest\",\"National\",\"News\",\"Office\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/what-the-quantum-computing-boom-means-for-cre\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/what-the-quantum-computing-boom-means-for-cre\\\/\",\"name\":\"What the Quantum Computing Boom Means for CRE - 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Image courtesy of IQMP\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/what-the-quantum-computing-boom-means-for-cre\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"What the Quantum Computing Boom Means for CRE\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/61ac1450f3ffaa0e850b834c28526555\",\"name\":\"Scott Baltic\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2022\\\/06\\\/Scott.jpg?w=96\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2022\\\/06\\\/Scott.jpg?w=96\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2022\\\/06\\\/Scott.jpg?w=96\",\"caption\":\"Scott Baltic\"},\"description\":\"Scott Baltic has been a contributing editor with Commercial Property Executive since 2011 and also wrote for its predecessor, Commercial Property News. He started writing about CRE in 1988 for a group of Chicago-based publications and in 1989 became the editor of Midwest Real Estate News. After moving on from there in 1991, Baltic continued writing occasionally about real estate, for publications like the Chicago Sun-Times, National Real Estate Investor, Urban Land, Shopping Center World and Architect\u2019s Newspaper. 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