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Chicago's Apartment Demand Fundamentals Offer Upside, Stability to Investors

Growing Rents and Occupancy Rates Show Vigor of City's Downtown, Urban and Suburban Markets
Albion Residential in July bought the 612-unit Bourbon Square in Palatine for $139.3 million in the largest single multifamily transaction of 2022 thus far. (CoStar)
Albion Residential in July bought the 612-unit Bourbon Square in Palatine for $139.3 million in the largest single multifamily transaction of 2022 thus far. (CoStar)
CoStar Analytics
September 7, 2022 | 4:01 P.M.

The Chicago multifamily market features some of the most steady and stable demand fundamentals in the United States. Over the past five years alone, Chicago increased its occupancy levels and households and doubled its rent growth returns, all while population growth declined in absolute numbers.

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