Chicago rent growth stagnant, occupancy rates strong

  • Nationwide rents grew 0.9 percent in May over the previous month and 6 percent on an annual basis.
  • Chicago occupancy rates reported at 96.5 percent in April 2016, which was unchanged from the previous month.
  • Rent is forecasted to grow 2 percent by the end of 2016 in Chicago.

Rental prices continue to make strong strides growing month by month, year by year. According to Yardi’s month survey of 119 metros throughout the nation, the U.S. saw an increase of 6 percent in May over May 2014 to another all-time high of $1,204.