The Optima Chicago Center in Chicago’s Streeterville neighborhood is one of the many new multifamily properties in the city, and many observers wonder how long such construction can go on before we hit a slowdown.

CHICAGO—The nation’s apartment market has been bursting with energy and new development, but some developers are getting a little wary. At some point the good times will either end or at least level off. And trying to figure out when has made navigating the sector’s landscape a lot more challenging. Still, in the last six months or so, an increasing number of developers have hit upon at least a partial solution.

“What many are willing to do is take a safer position, but one that also allows them to use their skill sets,” Steven F. Ginsberg of Chicago-based Ginsberg Jacobs LLC, tells And that means getting into lending capital to other developments. “We don’t know exactly where we are, or what inning it is. We do know that prices are increasing, and we have more volatility.”

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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.

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