{"id":10511,"date":"2026-01-23T06:12:00","date_gmt":"2026-01-23T06:12:00","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=10511"},"modified":"2026-07-01T07:33:48","modified_gmt":"2026-07-01T07:33:48","slug":"chicago-multifamily-market-report-january-2026","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/chicago-multifamily-market-report-january-2026\/","title":{"rendered":"Chicago Multifamily Market Report \u2013 January 2026"},"content":{"rendered":"\n<p class=\"has-normal-font-size\">Read the latest Yardi Matrix <strong><a href=\"\/blog\/chicago-multifamily-market-report\/\">Chicago Multifamily Market Report<\/a><\/strong>.<\/p>\n\n\n<hr \/>\n<h2>Rents Slow Down, Occupancy Stays Strong<\/h2>\n<p>Chicago\u2019s average advertised asking rent slid 0.1%, on a trailing three-month basis through November 2025, to $2,037, 20 basis points above the U.S. figure, according to the latest Chicago multifamily market report. On a year-over-year basis, however, the metro\u2019s performance remained solid, with rates up 3.8%, behind only New York City among all major markets tracked by Yardi Matrix. Occupancy for stabilized assets was up 40 basis points year-over-year through October, to 96.3%\u2014160 basis points ahead of the U.S. average and a solid indicator of the market\u2019s strength, considering more than 20,000 units were added in 2023 and 2024 combined, as noted in the <a href=\"\/blog\/national-multifamily-market-report\/\" rel=\"\"><strong>national multifamily market report<\/strong><\/a>.<\/p>\n<p><iframe id=\"datawrapper-chart-zbNgN\" style=\"width: 0; min-width: 100% !important; border: none;\" title=\"Chicago vs. National Rent Growth\" src=\"https:\/\/datawrapper.dwcdn.net\/zbNgN\/1\/\" height=\"334\" frameborder=\"0\" scrolling=\"no\" aria-label=\"Line chart\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">window.addEventListener(\"message\",function(a){if(void 0!==a.data[\"datawrapper-height\"]){var e=document.querySelectorAll(\"iframe\");for(var t in a.data[\"datawrapper-height\"])for(var r,i=0;r=e[i];i++)if(r.contentWindow===a.source){var d=a.data[\"datawrapper-height\"][t]+\"px\";r.style.height=d}}});<\/script><\/p>\n<p>Chicago\u2019s employment growth was 0.5% year-over-year through August, 30 basis points below the U.S. average. Unemployment clocked in at 4.2% in September\u2014its lowest point over the previous 12 months, according to data from the Bureau of Labor Statistics. Chicago added 25,700 net jobs over the 12-month period ending in August. Education and health services led gains, with 18,100 jobs added. A $20 billion economic boost is expected to come from the development of the Illinois Quantum and Microelectronics Park, which broke ground in September.<\/p>\n<p><iframe id=\"datawrapper-chart-auZQg\" style=\"width: 0; min-width: 100% !important; border: none;\" title=\"Chicago Employment Share by Sector\" src=\"https:\/\/datawrapper.dwcdn.net\/auZQg\/1\/\" height=\"417\" frameborder=\"0\" scrolling=\"no\" aria-label=\"Table\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">window.addEventListener(\"message\",function(a){if(void 0!==a.data[\"datawrapper-height\"]){var e=document.querySelectorAll(\"iframe\");for(var t in a.data[\"datawrapper-height\"])for(var r,i=0;r=e[i];i++)if(r.contentWindow===a.source){var d=a.data[\"datawrapper-height\"][t]+\"px\";r.style.height=d}}});<\/script><\/p>\n<p>A total of 3,838 units came online this year through November across the metro, 0.9% of existing stock and 190 basis points below the national rate. Meanwhile, transaction activity remained strong, with $3.1 billion in assets trading in 2025 through November.<\/p>\n<p>Read the full Yardi Matrix Chicago Multifamily Market Report: <a href=\"https:\/\/www.yardimatrix.com\/publications\/download\/file\/8241-MatrixMultifamilyChicagoReport-January2026\" rel=\"\"><strong>January 2026<\/strong><\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Rents Slow Down, Occupancy Stays Strong Chicago\u2019s average advertised asking rent slid 0.1%, on a trailing three-month basis through November 2025, to $2,037, 20 basis points above the U.S. figure, according to the latest Chicago multifamily market report. On a year-over-year basis, however, the metro\u2019s performance remained solid, with rates up 3.8%, behind only New [&hellip;]<\/p>\n","protected":false},"author":436,"featured_media":9945,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[12,5],"tags":[452,519],"class_list":["post-10511","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-metro-reports","category-multifamily-market","tag-chicago","tag-multifamily-outlook-2026"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Chicago Multifamily Market Report \u2013 January 2026 - Yardi Matrix Blog<\/title>\n<meta name=\"description\" content=\"Average advertised asking rent was down 0.1 percent on a T3 basis through November, to $2,037, 20 bps above the U.S. figure.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.yardimatrix.com\/blog\/chicago-multifamily-market-report-january-2026\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chicago Multifamily Market Report \u2013 January 2026\" \/>\n<meta property=\"og:description\" content=\"Average advertised asking rent was down 0.1 percent on a T3 basis through November, to $2,037, 20 bps above the U.S. figure.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.yardimatrix.com\/blog\/chicago-multifamily-market-report-january-2026\/\" \/>\n<meta property=\"og:site_name\" content=\"Yardi Matrix Blog\" \/>\n<meta property=\"article:published_time\" content=\"2026-01-23T06:12:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-07-01T07:33:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2025\/10\/Chicago-iStock-2251407008-MHN.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Adina Rogoz\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Madalina Pojoga\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Chicago Multifamily Market Report \u2013 January 2026 - 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She joined the CPE-MHN team in 2016 and is writing real estate related news, blog articles, reports and Q&amp;As. \ud83d\udce7 You can reach out to her at adina.rogoz@cpe-mhn.com","url":""}]}},"jetpack_featured_media_url":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2025\/10\/Chicago-iStock-2251407008-MHN.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/posts\/10511","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/users\/436"}],"replies":[{"embeddable":true,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/comments?post=10511"}],"version-history":[{"count":1,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/posts\/10511\/revisions"}],"predecessor-version":[{"id":10515,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/posts\/10511\/revisions\/10515"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/media\/9945"}],"wp:attachment":[{"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/media?parent=10511"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/categories?post=10511"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/tags?post=10511"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}