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chi-Woodview-Front-21 (2) Woodview Apartments in Deerfield, IL recently sold for about $82 million.

CHICAGO—The Chicago region’s apartment construction boom should continue, at least for the rest of 2017, according to a new report from Marcus & Millichap. Developers will deliver around 8,400 new units in 2017, about the same number they completed last year. The vacancy rate should tick up about 20 bps, but still remain just below 4.0%, and both city and suburbs should see healthy rent growth in 2017, marking the third consecutive year of mid-single-digit hikes.

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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