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Report: Downtown Chicago apartment rents up 30%
If you're looking to rent an apartment downtown, prepare for some sticker shock.
CHICAGO - If you're looking to rent an apartment downtown, prepare for some sticker shock.
According to Crain’s Chicago Business, downtown rents rose more than 30-percent in 2021 after a big drop in 2020.
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In addition, prices are expected to go up another 5-percent this year.
Experts say high demand and short supply will price many people out of the market, especially people who got good "pandemic" deals.