More than double the share of commercial real estate tenants are planning to increase rather than decrease their space next year,
Chicago landlords may be back in the driver’s seat after being forced to offer concessions to lure tenants during the pandemic.
The pace of apartment rent growth is slowing, While it seems to be a seasonal issue, the news comes at a bad time for multifamily investors and property owners as rising inflation creates a greater need for investment hedging.
More apartment operators are ditching rent concessions offers as vacancies across the country have dropped to historic lows.
Apartment developers will create more new apartments in 2021 in old office, retail, and hotel buildings than at any time in the last decade.
As Chicagoland’s multifamily sector remains strong, the deconversion market will remain a viable investment opportunity.