Apartments

Tight labor market curbs job creation. The U.S. economy added 20,000 jobs in February, the lowest monthly total since September 2017. While the partial government shutdown and winter storms contributed to last month’s meager showing, the pace of hiring should recover in March.

A construction wave was supposed to test the downtown market this year, with competition from 4,400 new apartments—an annual record—hampering landlords’ ability to keep hiking rents and possibly even pushing rents down. Overbuilding often ends real estate booms, and the risk of that happening in Chicago seemed to be growing at the end of last year.

Rising interest rates, a possible slowdown in new construction likely to keep apartment occupancies stable and rents growing.

Investors should be keen on apartment assets due to strong fundamentals, opportunities for both buyers and sellers, and an abundance of capital

84 Unit Multifamily Property For Sale. Condo Quality Construction. All 2-Bed / 1-Bath Units with Dining Room. 90 Percent Updated Units. Tenant Paid Electric Baseboard Heating & HW. Very Well-Maintained / Long-Term Ownership.

Buying a home is getting more and more expensive, thanks to sharp increases in both prices and mortgage rates. That is juicing demand for apartment rentals and, in turn, pushing rents higher.