MLS-listed downtown rentals at 30-month high

There were 1,040 homes and condos listed for rent as of yesterday in the 14 downtown ZIP Codes that we track.

That’s a 35% increase in the number of units listed as of 6 months ago, and the highest level we’ve seen in 30 months.

The current inventory, however, is 46% below the 1,927 units that were on the market when we began tracking nearly 4 years ago.

A news tidbit from the new construction rental market: 500 Lake Shore Drive is offering 125% commission to rental services and a month-and-a-half “free” rent to new renters.