Downtown Chicago apartment market favors renters in COVID era
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...
Source: chicagobusiness.com