suburban rents: Suburban Chicago Rents Climb Higher
- 11/28/11 01:31 PM
Right before the holidays, I attended a luncheon by CREC (Chicago REC) that featured Ron DeVries of Appraisal Research Counselors and I can surely say that what may be a bad situation for some is definitely turning out to be a good situation for others. Ron pointed out that suburban apartment rents have continued to trend higher as would have-been buyers seek the refuge of renting along side former homeowners now relegated to renting due to their inability to buy. All of that points to continued strength for multi-family and apartment building owners in the suburban markets around Chicago. Granted, not (2 comments)