There’s one part of the real estate business that’s experiencing boom times: renting construction fencing.
It’s a business that may have become wildly profitable, since the fences are likely to remain in place for extended periods on many sites throughout the city. Credit risk is low, since the rental companies have lien rights if their fees go unpaid. Maintenance appears to be minimal – even when maintenance is sorely needed.
The fencing and signage in the photo are adjacent to a new 8-unit building at 3300 W Lawrence Ave in Albany Park that showed no signs of life when I stopped by week before last. Redfin shows the status of the units as Delisted.
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