September 19, 2024
Matrix Multifamily Chicago Report-September 2024
Chicago’s average advertised asking rents were up 2.0 percent YoY through July, to $1,938, maintaining momentum, while the T3 rate was 0.4 percent, 10 basis points higher than the nation’s. Following two strong years for inventory expansion, completions amounted to only 2,957 units through the first seven months.
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