October most certainly has provided some baseball excitement. Excitement for not only fans, but everyone involved in what makes up Major League Baseball. From the team owners, to the vendors who sell food and beverage, to the countless people who make nearly every piece of equipment. As runs turn into wins, economic activity increases in all sectors of commercial real estate. And economic activity creates healthy and vibrant commercial real estate, which is in part how everyone wins.
This multiple impact is accelerated for those cities directly involved, but from a macro perspective, the positive economic growth impacts everyone.
Take this summer. My friend Matt Wilkinson (well, the son of friends Jim and Stacey) won the Naperville 2016 City Tournament AAA Division Championship on July 30. I saw first hand how his team, the Rangers, ran through the competition.They did not get to be this good without practice. And practice cannot happen without practice space. Indoor athletic fields are one of the fastest growing commercial spaces in colder climates. And all that practice cannot happen without equipment made in factories.
As the kids get excited when they see the MLB teams play, they want to get involved in some way, so do parents. With every win, well – PIZZA. Think of all the economic activity that goes into a single slice of cheese pizza, from the farm, to the refrigerator manufactures, to the pizza box makers.
I saw Matt eat a lot of pizza, run after run on to win after win.
Well, I guess they might have had pizza win or lose. It was a fun season Matt. Congratulations! And with a lot of economic activity, congratulations to Naperville.