North Harbor Drive

Observations and insights into real estate happenings along N. Harbor Dr. in downtown Chicago

East Randolph Street, Chicago

Rental price is going up in the city!

January 11th, 2011 · No Comments · Uncategorized

I have noticed the rental price is going up this year, I have helped a client found a convertible for around $1,050 a year ago, but now, I have checked with a few different rental buildings, the studio price is around $1,250 – $1,350 and they would not come down as their vacancy rate is so low.

Hope this the starting sign for the market to get better, I noticed that there are some short sales and foreclosures in the new east side, but not so many and if they priced right, they could be gone within a couple of days.

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