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Apartment Market Data Shows Some Good, Some Bad News in Chicago

The latest apartment market performance results are a mixed bag for Chicago. In this cold-weather market, seasonality in demand makes the peak leasing period an important driver of annual results. And strong demand during the past six months boosted occupancy to a nine-year high. However, that strength didn’t translate into pricing power, as Chicago’s rent growth levels remain subpar. Will the metro’s apartment operators become more aggressive with their pricing strategies in the year ahead? MPF Research analysts examine the outlook for the Chicago apartment market in this edition of Apartment Market Dynamics.

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