Interesting graphs, the number of rentals hitting the market is indeed insanely impressive, especially when compared to the boom years before the Great Recession.
Granted, the numbers may be a bit skewed since the '02-'08 cycle was mostly a condo boom, with limited apartment unit growth. In fact, a lot of apartment buildings went condo, removing a lot of units from the market. Anyone have any raw data on condo sales over this same time period?
Also, what are the metrics used for "downtown" by the graph? I skimmed the article, but I don't think they specified, other than saying it was the "greater downtown area"
__________________ "Eventually, I think Chicago will be the most beautiful great city left in the world." -Frank Lloyd Wright
It's interesting too as I've been tracking sale data for all community areas of Chicago for the last 9 months. The number of condos sold in April in Near North Side was a high for that amount of time. The month before that, March, was a high at the time. It's just continuing to increase. So far May is basically in line with the number of sales in NNS for April.
__________________
Harry C - Urbanize Chicago- My Flickr stream HRC_OakPark
The man who trades freedom for security does not deserve nor will he ever receive either. B Franklin.
__________________
Harry C - Urbanize Chicago- My Flickr stream HRC_OakPark
The man who trades freedom for security does not deserve nor will he ever receive either. B Franklin.
what? It looks horrible in person, seriously its a complete busy mess of total recent trend crap... went by it yesterday and was like, ew what an eyesore this monstrosity is
Lol, I agree...it's pretty bad IMO. I don't think I cared for the renderings either...
Great to see the market holding up. Does Amazon know what we've got in the pipeline?
__________________
Harry C - Urbanize Chicago- My Flickr stream HRC_OakPark
The man who trades freedom for security does not deserve nor will he ever receive either. B Franklin.
Zoning plan submitted for the site next to K2 in West Loop from that developer from Danville, CA. I don't think much has changed since we last heard about this. 38 floors, 450 feet, and 373 units with 145 parking spaces.
Zoning plan submitted for the site next to K2 in West Loop from that developer from Danville, CA. I don't think much has changed since we last heard about this. 38 floors, 450 feet, and 373 units with 145 parking spaces.