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The Old Boys Network: Relic Or Reality

What's an Old Boy and what do you do if your brokerage or team is run by one? How can women and male allies confront those who do wrong? ....

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Apartment Community Amenities Help Cure Covid-Era Cabin Fever

Apartment Community Amenities Help Cure Covid-Era Cabin Fever
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More Moving To Suburbs, Chicago Rent Prices Nosedive In 2020

UpdatedFri, Feb 19, 2021 at 10:01 am CT
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Chicago is among the cities to see the steepest decline in rent prices across the U.S. In the past year, the cost of rent has decreased by 12.5 percent in the city. (Shutterstock)
CHICAGO AREA, IL While rent is on the rise in smaller, more-affordable U.S. cities, many of the country s largest metropolitan areas and coastal cities saw prices fall rapidly throughout most of 2020, illustrating how the COVID-19 pandemic had a starkly different effect on regional housing markets over the course of the year.
Chicago is among the cities to see the steepest decline in rent prices. In the past year, the cost of rent has decreased by 12.5 percent in the city. Meanwhile, suburban towns closer to the city on Apartment List s final National Rent Report of 202o, including Oak Park and Arlington Heights, have also seen a dip in rent, while towns farther out have seen increases. ....

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Chicago rents drop 12% in 2020 during COVID-19 pandemic

Rent prices are down across the U.S. during the COVID-19 pandemic, and Chicago landlords say they'll drop rent if it helps retain their tenants. ....

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Downtown Chicago apartment market favors renters in COVID era

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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 two to three months free. Some are advertising four or even five months free for tenants who sign leases of 18 months or longer. ....

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