Bubble Trouble?

March 11, 2014

With thousands of new rental units in the pipeline, is Chicago in danger of facing a “multifamily bubble”? That’s one of several questions that were addressed at Illinois Real Estate Journal’s recent Metro-Chicago Apartment Summit, which took place last Thursday at Germania Place. While a bubble seems unlikely, certain segments of the market are better positioned than others as new developments come online, according to a panel that included Taylor Johnson client Lee Kiser of Kiser Group. Kiser described Chicago’s apartment market as “a tale of two cities,” with the downtown, luxury end of the market facing more challenges than Chicago’s neighborhoods, which have seen little new construction in recent years.

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