Tuesday, October 14, 2014

Record number of new downtown apartments opening in 2015

Chicago apartments will be plentiful next year. 

Renters will have a bonanza of new apartment offerings to choose among in downtown Chicago next year.
We define downtown Chicago as the area bordered by the Stevenson Expressway on the south, North Ave (1600 N) on the north, Lake Michigan on the east and Ashland Ave (1600 W) on the west.
The downtown market added 2,882 apartments in larger projects in 2013 and another 2,104 this year. All of those units have not yet been rented, although occupancy levels are high at buildings that have been open a while. Next year, 2015, 3,838 new apartments, a record number, will begin leasing downtown. 

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