Ron DeVries

Downtown Chicago’s Rent Growth Inches Upward

Downtown multifamily rent growth boosted by dry development pipeline

Rents for Class A apartments in central Chicago increased to $3.61 per square foot

Rents to increase next year as development pipeline dries up

Rents to increase next year as development pipeline dries up

Demand is strong in downtown Chicago and the suburbs, while a difficult development arena is limiting new supply

JLL’s Jaime Fink, Greenstone Partners’ Danny Spitz, Integra Realty Resources’ Ron DeVries

Tight lending, tough times sink commercial property sales

Sales volume down by more than half in Q1