Falling tax revenue. Aging downtowns losing their vitality. Record office vacancy. A housing crisis. One strategy could tackle all of these problems in one fell swoop: a wave of office-to-residential conversions.
Market Trends
Inflation was a blip, and long-term ultra-low interest rates will return
These are the average available rates from eXp Commercial's Capital Partner CommLoan database of 700+ commercial lenders as of 4/10/2023 and are provided for comparison purposes only. Actual rates are dependent on property and sponsor.
The Windy City’s housing market is showing resilience, as its home-price growth has topped the national average for the first time in years.
A new rent report reveals that the rental market has seemingly flipped: After prices surged throughout 2021 and most of 2022, they've declined almost as quickly for five of the last six months.
These are the average available rates from eXp Commercial's Capital Partner CommLoan database of 700+ commercial lenders as of 3/27/2023 and are provided for comparison purposes only. Actual rates are dependent on property and sponsor.