Next Friday we’ll complete our first year of following condo rental listings in 14 downtown ZIP codes. I’ll post the overall trend line next week, but I’ll give you a peek at what one ZIP code’s year looks like.
The chart above tracks the condos for rent for 60611 (Streeterville’s ZIP code) over 51 weeks. On the Friday after Thanksgiving, 496 condos were listed for rent on the MLS. In August, following a sharp spike (which I still can’t explain), availability dipped to a low of 258. As f this afternoon, 287 units are listed as rentals.