Comments on: Price check: Rental rates for Flair Tower

By: Joe Zekas

Joe Zekas — Fri, 20 Nov 2009 05:51:31 +0000

Papu,

We’ll try to get that info.

These are nominal rents. Don’t be surprised if the actual effective rents are substantially lower, especially since 3 towers are opening in the immediate area at nearly the same time and quite a few condos are also for rent in River North.

As Joe notes in the post, pre-leasing incentives will reduce these numbers by 17%.

By: Papu

Papu — Fri, 20 Nov 2009 02:37:48 +0000

Joe, $2,980 for a 1080 sq ft???? If that is true, I a feeling really good about owning a similarly sized condo very close by. I can’t imagine the amenities that can bring that much rent. Do you guys know what he Parc Huron is projecting?

Thanks for all the good work

By: Joe Zekas

Joe Zekas — Thu, 19 Nov 2009 15:59:31 +0000

$3 a square foot is not where the market is. May be something special about these units that we don’t know.

By: Matt Garrison

Matt Garrison — Thu, 19 Nov 2009 15:05:59 +0000

Their 3 bedroom pricing seems way off.