Downtown Chicago apartment market falls further, but suburbs stay strong – Crain’s

The downtown occupancy rate fell to 87.1 percent in the third quarter, down from 93.8 percent a year earlier, according to the Chicago office of Integra Realty Resources, a consulting and appraisal firm. The rate has never been that low in the 22 years since the firm’s executives began tracking the downtown market. But the suburban apartment occupancy rate rose to 95.3 percent in the third quarter, up from 95.1 percent in the second quarter and 95.0 percent a year earlier, according to Integra.