Chicago Apartment Boom Reverberates In Suburbs

By Published On: July 7, 2017Categories: Commercial Real Estate News, Residential Real Estate News, TJ Client NewsComments Off on Chicago Apartment Boom Reverberates In Suburbs

Chicago-area apartment builders don’t seem to be slowing down, with 8,580 new units slated to deliver in 2017, only slightly below last year’s total and well above the 15-year average, according to a recent report from Taylor Johnsonclient Marcus & Millichap. While most of the development is concentrated in the city core, the firm says demand is also growing in the suburbs, where new units are increasing at a rate not seen since 2004. Knowing the research would lend itself to media coverage, Taylor Johnson facilitated an interview with GlobeSt. Click here to read the full article, in which Marcus & Millichap experts explain why the suburbs have become increasingly attractive to renters and developers alike.

1620 Central is a new four-story, 47-unit luxury apartment building in Evanston's Central Street corridor near public transit, shopping and restaurants.

1620 Central is a new four-story, 47-unit luxury apartment building in Evanston’s Central Street corridor near public transit, shopping and restaurants.

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