Rental Beast market report October 2020: Leasing concessions abound
Rental Beasts’ October market report found that renters are finding concessions, and Chicago’s market is no exception.
According to the report:
“As Chicago heads into its traditional off-peak rental season, it is not clear if this year will deviate from pre-established rental patterns. Bucking the trends in other cities, Chicago reported declines in YOY Rental Concessions in June, July, and August. However, as property managers and owners seek to secure as many tenants as possible before the colder weather arrives, Chicago registered an 11% YOY increase in Rental Concessions.”
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