Apartment Market Getting Tighter in Chicago

Downtown Chicago is growing, and the job market is doing fairly well.

Uber Freight, Walgreens and Amazon are setting up shop in the Windy City creating new jobs. It’s a good time to be an apartment owner as the supply of good apartments dwindles and the demand continues to grow.

In fact, average rents in the city have increased by more than 10 percent over the past two years as vacancy rates decline.

For those Chicagoland residents who cannot afford apartments in Chicago proper, the suburbs offer little comfort.

Suburban vacancy rates dipped below 4% at the end of the third quarter, thus driving up competition for the shrinking number of available units.

Good times ahead for single and multifamily rental owners.

Read on HERE

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Mr. Willig engages and coordinates a professional team of real estate brokers, general contractors, leasing agents, and property managers in order to rehabilitate, lease and maintain the properties he acquires for SpringView Investments. He has over 20 years of finance and accounting experience.