Chicago Q2 2025 Pipeline Report
An interactive look into the Multifamily Construction Pipeline in Q2 for Chicago, Illinois
Chicago Q1 2025 Market Report
Research Multifamily Market Reports Chicago Q1 2025 MARKET SNAPSHOT Chicago q1 2025 DOWNLOAD THE FULL REPORT AVERAGE RENT $1,835 Q1 2025 OCCUPANCY RATE 95.6% Q1 2025 QUARTERLY NET ABSORPTION 2,416 Q1 2025 ANNUAL RENT CHANGE 3.3% Q1 2025 ANNUAL OCCUPANCY CHANGE +40 BPS Q1 2025 QUARTERLY COMPLETIONS 1,070 Q1 2025 KEY TAKEAWAYS Over the past […]
Chicago Q1 2025 Pipeline Report
An interactive look into the Multifamily Construction Pipeline in Q1 for Chicago, Illinois
2025 Chicago Forecast
Research Multifamily Market Reports 2025 Chicago Forecast MARKET SNAPSHOT 2025 Chicago Forecast 2024 FORECASTED ANNUAL CHANGE 2025 $1,781 Q4 AVG. EFFECTIVE RENT 3.6% FORECASTED ANNUAL CHANGE $1,845 Q4 Avg. Effective Rent 95.3% Q4 AVG. OCCUPANCY +10 BPS FORECASTED ANNUAL CHANGE 95.4% Q4 Avg. Occupancy 8,633 2024 COMPLETIONS 8,672 10 Yr. Avg. Annual Completions 5,203 2025 […]
Chicago 3Q 2024 Market Report
Research Multifamily Market Reports Chicago 3Q 2024 MARKET SNAPSHOT Chicago 3Q 2024 AVERAGE RENT $1,782 3Q 2024 OCCUPANCY RATE 95.5% 3Q 2024 QUARTERLY NET DEMAND 2,849 [YTD: 8,606] YoY RENT CHANGE 2.5% 3Q 2024 YoY OCCUPANCY CHANGE +40 BASIS POINTS QUARTERLY COMPLETIONS 1,379 [YTD: 7,575] KEY TAKEAWAYS In the first half of 2024, Chicago’s rental […]
Chicago Suburban 3Q 2024
An interactive look into the Multifamily Construction Pipeline in Q3 for Chicago (Suburban), Illinois
Chicago Urban 3Q 2024
An interactive look into the Multifamily Construction Pipeline in Q3 for Chicago (Urban), Illinois
Chicago 2Q 2024 Report
Chicago 2Q 2024 Market Report MARKET SNAPSHOT AVERAGE RENT $1,765 2Q 2024 2Q 2024 RENT CHANGE 2.4% OCCUPANCY RATE 95.5% 2Q 2024 ANNUAL OCCUPANCY CHANGE 30 BASIS POINTS QUARTERLY DEMAND 3,632 [YTD: 6,604] QUARTERLY COMPLETIONS 2,684 [YTD: 5,794] KEY TAKEAWAYS In the first half of 2024, Chicago’s rental market experienced a 2.4% annual increase in […]
Chicago 1Q 2024 Report
Chicago 1Q 2024 Market Report MARKET SNAPSHOT AVERAGE RENT $1,734 1Q 2024 1Q 2024 RENT CHANGE 2.5% OCCUPANCY RATE 95.3% 1Q 2024 ANNUAL OCCUPANCY CHANGE 10 BASIS POINTS TOTAL OPERATING EXPENSE ANNUAL CHANGE 6.9% NET OPERATING INCOME ANNUAL CHANGE 7.8% * Please note that these employment figures have been adjusted for seasonal variations and are […]
Chicago 2024 Forecast
Chicago 2024 Market Forecast MARKET SNAPSHOT AVERAGE RENT $1,685 4Q 2023 $1,751 4Q 2024 2024 RENT CHANGE 3.9% OCCUPANCY RATE 95.1% 4Q 2023 94.9% 4Q 2024 2024 OCCUPANCY CHANGE -20 POINTS EMPLOYMENT* 4.77M 2023 4.79M 2024 UNEMPLOYMENT RATE** 4.2% 2023 4.5% 2024 * Please note that these employment figures have been adjusted for seasonal variations and are based […]
Chicago Q3 2023
Chicago 3Q23Multifamily Market Report $1,964 average rent 95.3% average occupancy rate $1.5B ytd sales volume 3.5% YoY rent change -0.5 POINTS yoy occupancy change 80 YTD individual transactions Supply & Demand 3Q23 500 Units QUARTERLY DEMANDYTD: 7,053 1,828 Units QUARTERLY COMPLETIONSYTD: 6,317 Annual Demand vs Completions 2018 12,505 9,176 2019 12,522 10,301 2020 1,292 8,643 […]
Chicago Q2 2023
Chicago 2Q23 Multifamily Market Report $1,932 average rent 95.5% average occupancy rate $1.15B ytd sales volume 4.8% YoY rent change -1.2 POINTS yoy occupancy change 52 YTD individual transactions Supply & Demand 2Q23 4,062 Units QUARTERLY DEMAND YTD: 5,495 2,488 Units QUARTERLY COMPLETIONS YTD: 4,111 Annual Demand vs Completions 2018 12,400 9,177 2019 12,561 10,301 […]
Chicago Q1 2023
This comprehensive analysis provides valuable insights into the multifamily sector’s performance and emerging trends in the Chicago Market for Q1 2023.
