Are new South Loop apartments a sign of a rental market downturn?

http://yochicago.com

Crain’s Chicago Real Estate Daily recently reported that a warehouse at 619-633 S LaSalle has been acquired for conversion to 80 to 90 apartments.

Join me for a look at the site and its neighbors while I wonder whether apartments in a tertiary location like this mark the beginning of a rental market downturn.

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