Market Update March 29, 2021

Peter Cotsirilos There was a report that I saw last week that at the height of the COVID lockdown, 40% of the companies surveyed said that they would scale down the amount of office space they would lease in the future. Today that number is down to 14%. Food for...

Market Update March 1, 2021

Peter Cotsirilos The downtown Chicago market “has been significantly impacted by demand shifts resulting from the coronavirus pandemic,” . “The combination of falling demand and rising supply has pushed vacancy to a record-high 17.7%. That’s led to a near 11% plunge...

Market Update February 8, 2021

Snezhina (Anna) Dobreva Multifamily – eviction moratorium extended till March 31st, rental relief for tenants expected. Bekah Carlson Over the past 2 weeks, I’ve had the opportunity to listen to 3 different economists, including KC Conway, CCIM’s...

Market Update January 18, 2021

Snezhina (Anna) Dobreva Illinois Eviction Moratorium Extended to February 2021 for Renters. Landlords must provide a Declaration form to the resident or tenant at least five days prior to the notice of termination of tenancy. If the tenant can establish that...

Market Update December 21, 2020

Bekah Carlson I am seeing tenants who are not suffering at all during the pandemic submit LOIs at a discounted rate – and my client (the landlord) is letting them walk. Also, learning how to use MySocial on CRECO.ai to auto-post properties on a rotation on...