Chicago Multifamily Property Blog

The year is still young. Inflation, interest rates, supply chain, and geopolitical events are the main factors determining how commercial real estate will perform in the following months.

These are the average available rates from eXp Commercial’s Capital Partner CommLoan database of 700+ commercial lenders as of 1/16/2023 and are provided for comparison purposes only. Actual rates are dependent on property and sponsor.

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Utility costs represent a major expense for landlords. This is especially true at multifamily apartment buildings where base rent often includes utility costs. When landlords must incur these costs, the cash flow impacts can be substantial. In this article, we will look at what’s known as RUBS -or a ratio utility billing system. Implementing a RUBS program is a common way owners pass utility costs on to their renters.

Multifamily rents cooling off at last? Compared to previous years, according to a new report by Apartment List. While prices remain up 5.5% year-over-year, they fall behind the Illinois average of 6.6% and outpace the U.S. average of 4%.

As you may know, increasing the Net Operating Income (NOI) of any commercial property will not only increase your cash flow but also increase the value of your property since the value is determined primarily through NOI and Capitalization Rates (quick refresher on how to calculate the value of the commercial property).