It may have taken a while, but the Chicago rental market is slowly pulling itself out of the recession. HomeUnion recently released a second quarter report on the city’s current and future economic and real estate health, and things are looking up in the Windy City.
- Chicago rental vacancy rate forecasted to reach 3.9 percent by the end of 2016.
- Relocation of major corporations to Chicago is helping to add jobs and fuel demand for new homes.
- Chicago remains a strong market for investors with a strong cap rate.