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This Week's Chicago Deal Sheet (May 5, 2021)

Delinquent rent in Chicago could now exceed $1B, according to a survey released last week by the Neighborhood Building Owners Alliance, a group of small and midsized Chicago landlords. The high level of delinquency brought about byย the coronavirus pandemic is leading to neighborhood disinvestment. With their revenue plunging to historic lows, 65% of landlords surveyed said they expect to make fewer capital improvements. In addition, nearly half expect to cut down on repairs and maintenance. ๏ฟฝ...
Des Plaines United States Windy Point Oak Brook North Lake Lincoln Square
Source: bisnow.com

This Week's Chicago Deal Sheet (April 4, 2021)

One year after the start of the coronavirus pandemic, the Chicago-area industrial marketโ€™s vacancy and rental rates have nearly returned to pre-pandemic levels, according to a new report from Newmark. Although the industrial sector took a hit in the first few weeks of the crisis, it began climbing back once the shock wore off and tenants saw increased demand from homebound consumers purchasing goods online. Many resumed signing leases, sending vacancy down to 6.2% in Q1 2021, a decade low, an...
United States Wrigley Field John Cassidy Marc Samuels Frank Melchert Brenten Blakeman
Source: bisnow.com

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