Midwest Experts Weigh In On CRE Trends For 2015
There are plenty of commercial real estate firms sharing their predictions for 2015 with the media this month. But of course Taylor Johnson’s CRE clients were one step ahead as we issued our annual release on commercial trends for the upcoming year back in December. In case you missed it, and in honor of #TBT, here are our client predictions in full for 2015 – ranging from new multifamily and retail development to the future of the industrial, office and healthcare sectors – as covered by Midwest Real Estate News. You can see photos of the commercial real estate predictions on Flickr.
With developers on track to complete more than 3,100 apartments in downtown Chicago in 2015 and potentially 6,400 in 2016, some wonder if supply will outpace demand. As long as millennials are in the mix, Chicago’s rental market should continue to do well in 2015, especially buildings with top-tier amenities and coveted locations, such as Waterton’s Presidential Towers in the West Loop.