Posts by: Guzel
- By Guzel
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- Closed Deals
843 W 123rd St, Calumet Park – Multi-family
Golden Group Real Estate is pleased to announce the sale of 843 W 123rd St, Calumet Park, an 18-unit multi-family investment property. Within only 2 weeks of marketing, the firm received 4 offers, all above the asking price. The Seller was shocked at how fast and efficient Golden Group Real Estate was able to deliver [...]
- By Guzel
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- Market Updates
October 2021 Market Update
Strong demand for apartments has driven rent back up to pre-pandemic levels in Chicagoland. In the second quarter, tenants rented 10,000 additional units, the most in ten 10 years. The rental activity was concentrated in the suburbs, as households continued to seek larger, lower-cost apartments. The average rent in Chicagoland is $1,550/month, and the average [...]
- By Guzel
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- Market Updates
September 2021 Market Update
There is no end in sight for the post-COVID industrial real estate boom. Chicagoland industrial vacancy fell to 6.2% in Q2, as tenants leased more than 15 million SF - the most ever in a single quarter. Net absorption and new construction have also surpassed all previous market records. Nationally, the average asking price for [...]
- By Guzel
- 0
- Market Updates
August 2021 Market Update
Chicago's industrial market is hot, primarily due to the exponential growth of e-commerce. Over 28 million SF of space has been filled over the past year alone, a historical high. Market rents increased nearly 6% year over year. Average industrial values in Chicago rose to $80/SF, an annual increase of more than 6%. The apartment [...]
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