Chicago Real Estate Market Update - September 2021
You can’t get a complete picture of the Chicago real estate market without also looking at the rental market. Chicago’s downtown is seeing record rent prices - quite the turnaround after vacancies soared during the pandemic.
Now that those juicy rental deals are evaporating, renters might look to buy instead when their lease is up next year. It’s happened before! Before the market came back in 2012/13, the rent prices spiked in 2011.
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