Red Hot Rental Market

5 Jul

A quick belated Happy Birthday to America! Hope everyone enjoyed the neighborhood fireworks throughout the city!!

Last week Crain’s Chicago had a quick piece about a $33 million Lakeview building purchase that keeps with what everyone else has been talking about: how nuts the rental market is getting in Chicago. It’s too early to tell if this is a real verifiable trend but one thing is clear, developers think so.

As pointed out in previous blogs our Edgewater neighborhood is growing more attractive by the day to developers. Prices are not has high as Lakeview and downtown but demand is growing. It’s really a matter of time now until someone starts looking at these prime lake front parcels and starts buying and building.

Keep sending in those tips and getting signatures on our petition!

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: