Chicago’s Apartment Supply and Demand Remain Balanced Despite Risks

The realities of Chicago’s economic and political landscape — population losses, high taxes and entitlement fees, and fears of crime — may keep would-be investors away. But those who remain in the market should profit in the “middle run” as Chicago’s multifamily market should maintain equilibrium with a below average marketwide vacancy rate, little supply-side competitive inventory and rent growth above its pre-pandemic average through at least 2026.