Downtown Apartment Occupancies Reach New Low,Downtown

The downtown occupancy rate for Chicago apartments fell to 87.1% in the third quarter, down from 93.8% a year earlier, according to the Chicago office of Integra Realty Resources. Crain’s Chicago Business reported that the rate has never been that low in the 22 years since IRR executives began tracking the downtown market. “Some [landlords] are saying they can’t remember it ever being this bad,”…

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