Multifamily N Illinois
3 design insights to increase a rental's absorption rate

3 design insights to increase a rental's absorption rate

From Landmark West Loop to SixForty North Wells in River North new rental units continue to come online at a steady pace. With 8,000 new apartments slated to deliver by the end of next year in downtown Chicago alone, and an increasingly modest demand projected over the next three years, according to the Urban Land Institute’s April 2017 Real Estate Consensus Forecast, developers are pressed to make their product stand out. While location, pricing and square footage form the foundation when it comes to attracting potential tenants, smart and informed design plays a key role in hitting timely occupancy goals.