Savvy renters know that their options become more and more limited the closer they get to their move date. The best apartment values are often snapped up months in advance of the time when they’re available for occupancy.
Planned Property owns and manages dozens of buildings in prime River North, Gold Coast, Lincoln Park and Lakeview locations. Apartments can be leased now for March and April, and for immediate occupancy.
The consultants at Planned Property’s leasing center at 806 W Belmont can give you accurate, up-to-date info on upcoming availabilities.
Book an appointment online at any Planned Property building and you’ll receive up to a $500 credit on your first month’s rent.
Joe, what do you think the Chicago rental market has in store for 2016?
Tone,
It’s going to be a great year for renters, with lots of terrific new buildings opening downtown and in the neighborhoods, and lots of “free rent” incentive offers in the new and newer buildings.
My guess is that the uniformly high quality of the new buildings, together with the incentive offers, will put downward pressure on rents in a number of near north neighborhoods.
How about occupancy?
Occupancy is going to be driven, as always, by the employment picture and by demographics. Who knows what the employment numbers will be? Demographics are favorable – lots of millennials looking for their city-living phase.