chi-NorthlandOldTown (2) The Northland, a 61-unit mixed-use building developed by JAB Real Estate in Old Town at 1550 N. Weiland, has been exclusively listed with Essex Realty Group for $25.6 million.

CHICAGO—Multifamily developers have kept their focus on Chicago’s CBD, placing upward pressure on vacancy, according to a new report from Marcus & Millichap. More than 9,000 units were added to stock during the past two years, but that pace of deliveries will slow throughout the next two years, and potentially allow vacancy to recover as tenants begin to sign leases.