industries are boosting rental demand, while increasingly higher taxes are discouraging homeownership. As more Lifestyle units come online, especially in the urban core, ab- sorption is expected to remain steady, keep- ing rent gains healthy moving into 2020. The metro’s urban submarkets recorded some of the stron- gest rent gains, with Calumet City topping the list (6.7 percent year-over-year to $969), followed by the Near West Side (6.5 percent to $2,360), Evanston–South (5.3 percent to $1,960), Hyde Park (5.2 per- cent to $1,445), the Near South Side (4.9 percent to $2,262), the
CHICAGO SALES VOLUME AND NUMBER OF PROPERTIES SOLD AS OF SEPTEMBER 2019
120
$4,000
100
$3,000
80
60
$2,000
40
$1,000
20
0
$0
2011
2012
2013
2014
2015
2016
2017
2018
2019
NUMBER OF PROPERTIES
VOLUME IN MILLIONS
SOURCE: YARDI MATRIX
76 | think realty magazine :: february 2020
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