The Luxury Chicago Apartment Update

Did you catch the article in Sunday’s Chicago Tribune?  It was right, smack on the front page of the Real Estate section – Apartment Hunting in a Tight Market. The article details how apartment vacancy rates are at some of the lowest levels in a decade nationally – around 94 percent in prime buildin

In a recent article from Crain’s Chicago Business (Surge in Supply Could Hit Downtown Apartment Rents), Ron Devries of Appraisal Research Counselors, Crain’s oft-quoted multifamily housing source, discusses the increase in rents over the past 12 months and the outlook moving forward. While Appraisal

Are you moving and wondering whether to rent or buy a downtown Chicago apartment?  Our clients often ask us to walk them through the process of renting versus buying. Chicago Magazine’s Deal Estate reporter, Dennis Rodkin, was recently asked this same question and turned to Luxury Living Chicago’s m

Are you moving and wondering whether to rent or buy a downtown Chicago apartment?  Our clients often ask us to walk them through the process of renting versus buying. Chicago Magazine’s Deal Estate reporter, Dennis Rodkin, was recently asked this same question and turned to Luxury Living Chicago’s m

The early winter months are filled with holiday shopping, family vacations and accepting the fact that you can’t wear shorts anymore.  If you have to move in the middle of the Chicago winter, you know it’s a difficult time to find a great apartment to live.   You would think there are exceptional de

What is the square footage? It’s one of the most common questions people ask when inquiring about an advertised apartment. People like to hear a number attached to the space they are considering. Moreover, everyone has a number in mind that is “about what they are looking for.” Whether you are movin

There are few real estate headlines these days with the word “optimism,” but bring together some of the biggest names in the downtown Chicago luxury apartment business and it’s all smiles.  With rents at historic highs and demand increasing daily, developers who struck it rich with their last offeri

It took about a year but we are finally starting to see some price decreases and increased concessions again in the luxury Chicago apartment market.  Buildings like Flair Tower and Parc Huron, two of River North’s premier and newest luxury rental buildings have steadily been increasing their rental

This week Luxury Living Chicago’s Broker, Aaron Galvin, was quoted in a story on MultiFamilyHousingNews.com about the start of construction of 500 Lakeshore Drive – a new luxury apartment building set to be delivered May 2013. That’s not soon enough, believes Aaron. We are currently experiencing a l

Luxury Living Chicago’s Broker, Aaron Galvin, is featured in the September 2011 issue of Chicago Magazine. Aaron sat down with Deal Estate’s, Dennis Rodkin, to discuss the major increase in rental pricing for downtown Chicago apartments. This past summer pricing for luxury apartments soared. After a