Chicago Relocation
 

April 2014 State of the Market

April 30, 2014

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John D’Ambrogio

John D’Ambrogio breaks down the beginning of the spring market for your 2014 April Real Estate Market Update.

 

 

Q1 2014 Real Estate Market Update with Chip Wagner

April 28, 2014

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John D’Ambrogio

Sales volume and active listings have jumped back to 2007 levels causing average sales prices to rise.  John D’Ambrogio is joined by president and owner of A.L. Wagner, Chip Wagner, to discuss Q1 2014.

 

 

Chicago Northside Rents Rise

April 21, 2014

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John D’Ambrogio

As reported last week in Crain’s Chicago Business – the market recovery is creating some interesting market micro-situations. Despite both serving a similar upscale white collar clientele, a whopping 6,200 apartment units are slated to open up in downtown this year. Just ask me – As a South Loop resident I can see a good 400 of them from my balcony window. Not surprisingly, Crain’s reports that “the battle for tenants is just beginning.”

But it’s a different story a few miles north in the upscale Lincoln Park and Lakeview communities. Why is that? Frankly, much of the land is long spoken for up there. Not that things don’t open up or change over. Although when they do, you sometimes have half decade delivery dates – Think 2550 Lincoln Park on the site of the old Columbus hospital.

Plus, zoning for many of the parcels are low density by tradition and design. That is in contrast to the loop, where through the years you have seen high rise office buildings convert the entire space to condos.

Crain’s admits that finding reliable vacancy information outside the great loop is difficult (they cite a fragmented market, among other reason). They do feel, however, that the south side still lags behind either market.

So what does that mean for a transferee relocating to Chicago? As a renter – high rise living in the center of the city is going to be a relative bargain, while the charm of the city’s Northside may cost a bit more.

Read the entire article HERE.