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Apartment market sinks downtown, swims in suburbs: Occupancy in the city's core is at its lowest level since at least 1998, dragged down by the pandemic and civil unrest. But step into the suburbs and it's a different world.
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- Author(s): Gallun, Alby (AUTHOR)
- Source:
Crain's Chicago Business. 11/23/2020, Vol. 43 Issue 47, p8-8. 1p.
- Subject Terms:
- Additional Information
- Abstract:
Apartment market sinks downtown, swims in suburbs: Occupancy in the city's core is at its lowest level since at least 1998, dragged down by the pandemic and civil unrest. As downtown apartment landlords struggle through the worst market in decades, it's sunshine, lollipops and rainbows in the suburbs. SUBURBS SPARED The forces that have depressed demand for apartments downtown - corporate work-from-home policies and the decline in people seeking out dense, urban living - have had little impact on the suburban market. [Extracted from the article]
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