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Multifamily Demand in Chicago Holds Despite Dipping Household Numbers, Swelling Construction

Strategic Development Plays and Government Incentives Encourage Construction Where Demand Is Highest
Sterling Bay expects to complete the 225 North Elizabeth apartment tower in the booming Fulton Market in 2024. (CoStar)
Sterling Bay expects to complete the 225 North Elizabeth apartment tower in the booming Fulton Market in 2024. (CoStar)
CoStar Analytics
June 6, 2023 | 6:37 P.M.

In Chicago, like elsewhere, there has been a housing shortage, and developers are eager to satiate this demand.

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