Net effective rents, which factor in concessions such as free rent, fell more than 18% in 2020 in higher-end buildings, reaching their lowest level since 2013, according to Integra. But the decrease in rents, coupled with a short-term decrease in supply, should be temporary, said Gail Lissner, a Chicago-based managing director at Integra.
The apartment proposals keep coming: Canadian developer seeks to build more than 1,000 units near Old St. Pat’s
