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News & trendsMarket conditions

Chicago vacancy rates drop, rents rise per Marcus & Millichap

Marcus & Millichap

Marcus & Millichap released its latest Local Market Reports for 35 metro markets late yesterday. Summary conclusions for Chicago: Fueled by strong demand in The Loop and Lincoln Park / Lakeview submarkets, vacancy in the city decreased 130 basis points in the first quarter to 3.9 percent. Vacancy in Lincoln Park/Lakeview was 2.6 percent, while ...

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Posted by Joe Zekas on April 25, 2013
News & trendsMarket conditions

Chicago apartment vacancies down for 13th consecutive quarter

Marcus & Millichap graph

Marcus & Millichap has just published its Third Quarter 2012 Apartment Research Market Report (PDF, Registration required). Here are some of the highlights for the City of Chicago: More projects are under way, but few have yet to come online. In the past 12 months, 166 market-rate rentals were delivered in the city. The total ...

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Posted by Joe Zekas on July 11, 2012
ChicagoWest / Southwest

Quote of the day – North Lawndale not monolithic

North Lawndale

The Tribune’s Dawn Turner Trice recently visited North Lawndale with Marcus Betts, a resident who’s optimistic about the neighborhood’s future. According to Betts: People drive through and see the vacant lots, the boarded-up buildings or hear about the crime, and I just don’t think communities like Lawndale get enough credit for being as sophisticated or ...

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Posted by Joe Zekas on October 23, 2011