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Up Close and Local: Chicago Market Update

Now Available On Demand

Apartment supply volumes in Chicago hit multi-decade highs as the economy took a stumble in early 2020. In turn, rents dropped, especially in some of the metro’s comparatively expensive urban core neighborhoods. Occupancy levels have been impacted as well and sit below the long-term norm. Will Chicago regain some momentum in 2021, or will it take longer for performances to get back to pre-pandemic norms?

Join RealPage analysts for an examination of what’s shaping the apartment sector performance in Chicago and what’s likely to happen over the near term.

Discussion topics include:

  • Chicago construction trends and investment activity
  • The economy and near-term demand signals
  • Rent and occupancy trends by product class
  • Neighborhood-level performance variation

Greg Willett

Chief Economist, RealPage, Inc.

Greg facilitates the alignment of the firm’s technology and analytics solutions with rental housing sector needs and opportunities. He is well versed on rental housing market fundamentals and activity nationally, by metro and in individual neighborhoods. Greg is active in industry organizations such as the National Multifamily Housing Council, the Urban Land Institute and the National Apartment Association. He provides commentary for national and local business media.

Adam Couch

Market Analyst, RealPage, Inc.

Adam Couch is a Market Analyst and has extensive experience in researching economic and demographic trends that support clients in their investment decisions. Adam has been a featured speaker at several multifamily housing industry conferences and regularly provides commentary for national and local business media. Prior to joining RealPage, Adam worked at Fannie Mae advising leadership on risk management for current pricing and acquisitions.

Up Close and Local: Chicago Market Update

Watch Now On Demand

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Up Close and Local: Chicago Market Update

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