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chi-luxury-rental-apartments-chicago (2) Onni Group recently completed the first phase of its Old Town Park, which has 405 luxury units, and it was 60% pre-leased on opening day and 40% occupied within 30 days.

CHICAGO—Despite worries about overbuilding, the market for downtown apartments, fueled by a constant stream of residents new to the city, has shown a great deal of strength so far in 2018. According to Laura Ballou, senior associate-market analytics with KIG, tenants absorbed a record-breaking 3,509 apartments in 2017, and in just the first six months of 2018 took another 2,560.

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.

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