Concessions for rentals available in Chicago

Condo values rise as multifamily vacancy rate increases
  • New multifamily projects downtown have amenities and in-unit finishes that meet or exceed condo developments.
  • Rental tower is offering $500 concessions.
  • Chicago condo values are up on a year-over-year basis.

Chicago’s skyline is changing, and more people are getting the opportunity to live high above the streetline. Part of the larger mixed-use development NEWCITY, the 199-unit Residences at NEWCITY is leasing studios and convertible one bedrooms starting at nearly $1,900, with true one bedrooms in the high $2,300 range.