Market Trends

Multifamily values have been rising in suburban Chicago, which netted BREIT more money for the properties than they had previously sold for.

Date: April 25-26, 2023 Time: 9 a.m. - 4 p.m. CST The Commercial Real Estate Symposium will provide junior and senior agents and brokers with valuable insights on international opportunities, capital and funding for small businesses in today’s market, how to attract investors, and much more.

Date: Jan. 10, 2023 Time: 9 a.m. - 10a.m.CST Join us via Zoom for our Comprehensive Intro to Commercial Real Estate event on Jan. 10! Professionals from every sector of the industry will share their knowledge as we explore the fundamentals of commercial real estate.

The Chicago-based Daniel Management Group (DMG) Multifamily investment affiliate completed the acquisition of Alice Mae Court, a multifamily townhome portfolio in Orland Park, Illinois, for $5.36 million.

Multifamily housing demand remains strong. Given rising mortgage rates and home prices, people may be forced to rent for longer due to decreasing affordability.

Suburban Chicago ended the year as the country’s 18th most competitive rental market, according to RentCafe. Nearly 70% of renters here decided to stay put and renew their leases, further driving competition—close to 17 renters applied for each available unit, a number well-above the national average.