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National Apartment Report

News & trendsMarket conditions

Marcus & Millichap forecasts lower vacancies, higher rents in Chicago

New East Side aerial

Marcus & Millichap just published its data-packed 2013 National Apartment Report (free registration required). The money quote for Chicago: Tenant demand will exceed completions this year, further tightening vacancy and cementing Chicago’s place among the Midwest’s leading apartment markets. Roughly 80 percent of new market-rate rentals slated to come online in 2013 are in the ...

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Posted by Joe Zekas on January 31, 2013