The Death Of The 12-Month Apartment Lease
The COVID-19 pandemic has certainly left its mark on the apartment market, challenging many of the traditional industry norms like crowded open houses and static 12-month leases. When Apartment Therapy reached out for insight on how recent changes in the industry have impacted renters, we knew Taylor Johnson client Downtown Apartment Company (DAC) could speak to how Chicago has adapted to better meet the needs of renters and property owners. Read the full article to learn how new lease terms are being modified to help both renters and landlords negotiate win-win deals that provide flexibility in uncertain times.

Downtown Apartment Company checks in daily with over 200 rental buildings in Chicago, like Westerly (shown here), to stay ahead of market changes caused by COVID-19. Westerly, which just started pre-leasing, is developed by Fifield Cos., with interiors by Morgante Wilson Architects and McHugh Construction overseeing construction.