BY THE NUMBERS
CHICAGO—Analyzing multifamily transaction volume over $10 million from this year's first quarter to the third, Chicago-based KIG CRE found that the suburbs are experiencing more dispositions than Chicago's downtown and neighborhood assets combined. In dollars, suburban transactions account for 57% of Chicagoland's dispositions in 2017 while downtown transactions account for 31% and neighborhood deals for 12%. This is a stark change from 2016. In that year, from the first to the third quarter, downtown deals accounted for 49% of transaction volume, followed by suburban at 46% and neighborhood at 5%. KIG estimates that more than 2,800 downtown units were brought to market in 2017 that have not been able to go under contract.
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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.
