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Chicago: 2025 Multifamily Midyear Market Report

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Chicago: 2025 Multifamily Midyear Market Report

Chicago | Development | Investing

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Written by: Olivia R.
A Mockup of Cross Street's 2025 Chicago Multifamily Midyear Market Report.

Our 2025 Midyear Market Report takes a closer look at how the Chicago multifamily market is performing so far this year and where it may be headed next. Backed by market data and on-the-ground expertise, the report highlights key trends shaping investment and development activity across the city.

Highlights: 

  • Limited new supply and strong absorption have pushed vacancy to near-record lows, especially in Class A inventory.
  • Rent growth is forecasted at up to 9% YoY downtown and 5% in the neighborhoods.
  • Owners with strong renewal strategies are in the driver’s seat, as many renters stay put due to affordability challenges and limited alternatives. 

Read our full report by filling out the form below.

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