This summer, for the first time in U.S. history, median rent costs in major cities surpassed $2,000 per month, according to a Redfin report issued in May.
Executives at banks with some of the highest commercial property loan concentrations were careful to emphasize earlier this year that they’ve got things under control.
For many property investors, hiring a property manager is well worth the property management fees charged. It’s efficient to pay someone else who specializes in this work to take care of everything.
One of the most fundamental concepts in real estate investing is the capitalization rate, better known as the “cap rate.”
The Chicago multifamily market features some of the most steady and stable demand fundamentals in the United States. Over the past five years alone, Chicago increased its occupancy levels and households and doubled its rent growth returns, all while population growth declined in absolute numbers.
Market Trends
Chicago Unveils Effort To Create Hundreds of Affordable Apartments in Converted Office Buildings
>Chicago officials are soliciting proposals to convert vintage office buildings into hundreds of affordable apartments on a stretch of the city’s one-time LaSalle Street financial corridor that in recent years has lost large tenants to new developments.