Downtown apartment rents jumped again last quarter, and they're expected to continue rising as the city stares down a supply shortage. The net monthly rent at Class A, or top-tier, apartment buildings in downtown Chicago jumped 8.03% in the third quarter of 2025 from the same quarter last year
A third of office space is vacant, yet apartments in chicago are in high demand? It doesn’t add up. Rent in (other states) “hot” job markets is stable and the article says supply there is adequate. Why is chicago the outlier? It certainly isn’t the weather, the education or the safe streets. Our unemployment is the highest in the nation and overpriced apartments would be among the first to feel the impact. Chicago unemployment is highest in nation There is a suspiciously high jump in “absorption” in 2021 that seems to tie in with the surge of illegal border activity… Read more »
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
A third of office space is vacant, yet apartments in chicago are in high demand? It doesn’t add up. Rent in (other states) “hot” job markets is stable and the article says supply there is adequate. Why is chicago the outlier? It certainly isn’t the weather, the education or the safe streets. Our unemployment is the highest in the nation and overpriced apartments would be among the first to feel the impact. Chicago unemployment is highest in nation There is a suspiciously high jump in “absorption” in 2021 that seems to tie in with the surge of illegal border activity… Read more »
Also could blame the city for the cost and difficulty in converting empty buildings to apartment’s