Chicago rental market 2025 heating up—rents climbing, demand surging, and tight supply shaping the future.
Tag Archives: Rent Growth
Discover how the U.S. apartment market rebound is playing out in 2025. The Midwest is driving dynamic new rental trends.
When COVID-19 emerged in Spring 2020, the nation’s apartment operators (rightly) prioritized occupancy over pricing power, so they hesitated to push rents when initial leases expired for their existing customers.
U.S. apartment rent growth is back in a big way, now that the country’s reopening local economies are fueling household creation and stimulating robust demand for all types of housing.
Effective asking rents for U.S. apartments climbed 0.6% in February, rising at the fastest single-month pace seen since the middle of 2019.
At the end of 2020, annual effective asking rents for the nation overall were cut by 1.1%. Moving forward, however, pricing is expected to reach the breakeven point in the last half of 2021, and then growth could return, getting higher than 3% by the end of calendar 2022
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