Chicago

Once known as an office center, the metro area is now home to a key distribution network.

The firm expects the rising economy will help housing demand outpace housing supply for the next several years.

High-income households are putting off home purchases, opening the way for more luxury units.

"Whistle stop" suburbs in particular are great locations for new transit-oriented developments.

Robust demand for rental units and rising construction costs fuel more deconversion efforts.

But the coming year promises to be at least somewhat complicated, largely due to the expected rise in interest rates.

Like a lot of small US cities, it lost much of its manufacturing base, but adaptive reuse projects are bringing back the downtown.

Panelists at yesterday's Multifamily Forum agreed Chicago was in a good position to withstand any upcoming correction.