Search
 

Multifamily Market Slows, but Demand Remains Strong

Many developers still had a great 2017, and now look to 2018 with confidence.

chi-30-East-Adams-Street-Chicago-Illinois-May-2009-007a (4) 30 E. Adams St. in Chicago. Listed on the National Register of Historic Places, renovation on this project is scheduled to begin in early 2018 and will include 176 FLATS-branded apartments.

CHICAGO—The multifamily market took off after the end of the recession and was soon setting records for new construction and investment, especially in core urban areas. And although a natural and largely expected slowdown has recently taken hold, many developers still had a great 2017, and now look to 2018 with confidence.

Chicago-based CEDARst just wrapped up several attention-grabbing projects, for example, and will soon break ground on several more. The company raised more than $150 million of fresh capital in 2017, with an additional $250 million projected in the first half of 2018 across a number of upcoming developments.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Brian J. Rogal

Brian J. Rogal

Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.

More from this author

Recommended Stories

GlobeSt. Multifamily Fall 2024Event

Join the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.