Rising suburban rents bring in new apartment investors
Empire Realty Partners Trust has sold Glen Oaks Commons, a 504-unit apartment community in Des Plaines.
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Empire Realty Partners Trust has sold Glen Oaks Commons, a 504-unit apartment community in Des Plaines.
A combination of inflation and climbing demand has driven up rents, with little to no sign that prices will dip soon.
The 21-story building at 535 N. St. Clair St. could open in early 2024.
April is National Stress Awareness Month and Dr. DeVries with Pine Rest explained why it is important for us to know about stress.
Email Address He rents a one-bedroom unit on the building's 20th floor for $2,124 per month but lives there rent-free for two months. He also received a $1,000 credit and wasn't charged a $400 administrative fee. That works out to a 22 percent discount over his 12-month lease. "I never came across a deal like that in Maryland," Hobson says. After enduring years of rent hikes, tenants in downtown Chicago have the upper hand over landlords now. Desperate to fill their buildings during a pandemic that has diminished the appeal of urban high-rise living, a growing number of landlords are offering...