ChicagoDowntown / Loop

Will all the new downtown apartments find renters?

by Joe Zekas on 8/7/13

The downtown Chicago apartment market will add a total of more than 5,000 new units this year and next year. Will all those new apartments find renters?

Who knows?

One thing we do know, according to a recent Pew Research report, is that the percentage of young adults living with their parents has increased sharply in the past 5 years after remaining relatively stable for 40 years.

A record number of 21 million 18 to 31-year olds are living with their parents and might represent a pool of pent-up demand for apartments if the economy improved enough for them to find employment.

You can see all of the new downtown apartment projects that are planned or currently underway at our at-a-glance list.

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