As many as 7K apartments are in the pipeline for downtown Chicago

TRD New York /
Feb.February 23, 2018 02:51 PM

Downtown Chicago is expecting to have 3,000 new apartments come online in 2018, which will be a relatively down year compared to the 4,350 units added in 2017 and the 4,200 units projected for 2019, according to executives at Integra Realty Resources. Even amid concern about an oversupply, a 31 percent increase in absorption from 2016 to 2017 shows there is still an appetite for downtown rentals, the Chicago Tribune reported. The big driver downtown: the 16,582 new jobs created in 2016 and the 15,883 jobs from 2015. [Chicago Tribune]


Related Articles

arrow_forward_ios
A little good news for renters. We’re not talking to you LA and Manhattan

A little good news for renters. We’re not talking to you LA and Manhattan

Amazon CEO Jeff Bezos (Credit: Getty Images, iStock)

Amazon’s shopping cart now includes new grocery store leases in LA area

Across the US, new home sales keep falling

Across the US, new home sales keep falling

Crystal City, Virginia and Amazon CEO Jeff Bezos (Credit: Getty Images)

Home prices roar in Arlington, whimper in Manhattan post-Amazon

No one home: Japan’s dwindling population means a housing oversupply

No one home: Japan’s dwindling population means a housing oversupply

Another canary? More homes sell at below asking price, report shows

Another canary? More homes sell at below asking price, report shows

Miami is the most rent-burdened city in the country: report

Miami is the most rent-burdened city in the country: report

Placeholder image

Hundreds of Gap, Family Dollar, Victoria’s Secret stores to close

arrow_forward_ios