Highrises seem to be all the rage in Chicago. Currently there are 21 high-rises under construction within the city limits. What’s great for the construction industry might spell trouble for the rental market. While estimates vary, the building boom may produce up to 5,000 new rental/condo units. Are we heading towards a rental bubble in the next few years?
One of our favorite blogs, Curbed Chicago has a great wrap-up of what’s going on: