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...

Market Update December 7, 2020

Bruce Heller Problematic CRE returning – CMBS cumulative loan default rate for fixed-rate CMBS recently increased to 16.5% nearing the prior peak of 16.8% recorded in 2013. Hotels and retail are almost 30% by themselves. Is this a case of one person’s...