Big Rent Hikes Foreseen for Downtown Chicago Apartments

November 16, 2010

Big Rent Hikes Foreseen for Downtown Chicago Apartments

Crains' Chicago Real Estate Daily just recently published this article which states that they are expecting rental rate hikes between 8 to 10% in the downtown Chicago market.  These hikes are rather surprising due to the large quantity of apartment developments recently built, however the market has spoken and it appears rentals are in high demand!

If these rent hikes are going to affect you, consider moving to the near west suburb of Forest Park.  Focus' apartment complex in Forest Park, Illinois is conveniently located just 20 minutes from downtown Chicago and we are still offering a grand opening promotion of 2 months free rent.  These brand new condominiums feature amenities that would cost a fortune downtown, however you still have easy access to the city and the loop.  Our community is only steps from the blue line and a short drive to the Eisenhower.

To read more about the Residences at the Grove - click here.