Solo renters on the rise, in Michigan and across the country
Solo renters are providing a boost to the multifamily market across the Midwest, according to the latest research from RentCafe.
RENTCafe
Four words that sum up the apartment search in Chicago? A real “suite” challenge
Apartment seekers in Chicago are in for quite the challenge. But what if we told you snagging a suburban rental is even harder?
1.2 million new apartment units: That’s the number of new rentals that opened in the United States during the last three years
Construction crews brought 1.2 million new apartment units to the market during the last three years, a record for any three-year period. And 2023? That…
Office pain, multifamily gain: One million units built in three years, another million before 2025
Since 2020, 1.2 million apartments were delivered, with over 460,000 more to be opened by the end of December. The largest construction boom since the…
From old to gold: Chicago to lead U.S. adaptive reuse resurgence
Following the effects of the pandemic, adaptive reuse projects emerged as the solution to meet the increased demand for housing and revitalize struggling metros.
Aurora self-storage market soon to change; projected to add 243,000 square feet in 2023
With one of the most undersupplied markets at only 2.4 square feet of self-storage space per person at the moment, Aurora, Illinois, is soon to…
New study shows people would rather rent, proven by the rise of the “millionaire renter”
It's been reported that people are being priced out of homeownership, forced to settle for another lease, but that's not the case across the board.…
Use it, don’t lose it! No. 2 in U.S. for office redevelopment is Chicago
Apartment conversions have increased 25% from pre-pandemic numbers, and considering that certain sectors continue to see more activity than others, it just makes sense.
More people are renting than ever. But what Chicago zip codes boast the highest share of renters?
With the cost of building a home at an all-time high, the dream of homeownership is taking a backseat for many people in America. Renting…
Here come the renters: U.S. households living in rental units hits 55-year high in 2021
How strong is the country's multifamily market? A new study by RentCafe found that 43.7 million U.S. households lived in rentals in 2021. That's the…