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Vacancy for Chicago's high-end apartments hits 13-year-low

As developers pull back, dwindling supply of new apartments having a significant effect on vacancy for premium units
Vista Property Group's new 494-unit apartment project at 370 N Morgan St. in the West Loop was the only new apartment project to start construction in the premium four- and five-star segment so far in the third quarter, reflecting the steep slowdown in multifamily construction across the Chicago region. (CoStar)
Vista Property Group's new 494-unit apartment project at 370 N Morgan St. in the West Loop was the only new apartment project to start construction in the premium four- and five-star segment so far in the third quarter, reflecting the steep slowdown in multifamily construction across the Chicago region. (CoStar)
By Adrian Brizuela
September 2, 2025 | 1:18 P.M.

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A dwindling construction pipeline is resulting in a tighter market among Chicago's premium apartments.

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News | Vacancy for Chicago's high-end apartments hits 13-year-low