Rent, occupancies slip downtown

November 2011
Crain's Chicago Business;11/21/2011, Vol. 34 Issue 47, p0016
The article reports on the decline of occupancies in the apartment market in Chicago, Illinois in 2011. It says that the average net rent for Class A apartment buildings was reduced by 1.2% from the second quarter. It notes that the trend is triggered by the increase of rent prices after more tenants are hesitant to buy properties.


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