Suburban Chicago rents – ups and downs

The headline and the story at Crain’s Chicago Real Estate Daily tell a tale of uniformly rising rents, declining vacancy rates and fewer concession offerings in Chicago’s suburbs.

The chart accompanying the article tells a more nuanced story. Rents rose only a modest 1.8% in South Cook county suburbs, and declined by 1.3% to 3.6% in McHenry County, Waukegan / Gurnee and on the North Shore.

The text accompanying the chart notes that occupancy rates, though rising, remain below pre-recession levels.