The Chicago market remains fundamentally healthy with occupancy projected to hold steady near 95% through 2026, indicating limited availability and a level of demand that is sufficient to absorb new supply without occupancy erosion.
Chicago’s 2026 rent outlook remains supported by a supply-disciplined pipeline—deliveries are projected to fall to roughly 4,400 units (about half the 10-year average), limiting sustained lease-up pressure and allowing rents to continue rising at a healthy, above-national pace.
Chicago enters 2026 with steady, resilient economic momentum, supported by a healthy labor market and durable strength in key sectors, even if growth remains uneven across the broader economy.
Chicago enters 2026 in a position of stability, supported by a healthy occupancy backdrop and a supply environment that remains more disciplined than prior cycles...
