11. www.AppraisalResearch.com
ARC
Appraisal Research Counselors
DT Condo Unsold Developer Inventory…
0
1,000
2,000
3,000
4,000
5,000
6,000
(c) 2016 Appraisal Research Counselors, All Rights Reserved
Gold Coast
Loop
Near North
River North
Streeterville
South Loop
West Loop
18. www.AppraisalResearch.com
ARC
Appraisal Research Counselors
Condo De-conversions…
835 W. Barry
115 condo units
Avg 895 SF
Being mkted by CBRE
2625 N. Clark
133 condo units
Sold for conversion to
rental
2518-40 N. Lincoln
30 res. condo units/
New rental building under
construction with 200 apts
19. www.AppraisalResearch.com
ARC
Appraisal Research Counselors
Rental development slowing due to
Short term imbalance in supply and demand
Rising interest rates
Construction costs escalating
Rent growth slowing – renewals
Real estate taxes increasing
Land sellers in denial
ARO adding cost to development
Modest increase in condo development
Greater diversity in product type
Gradually increasing project sizes
Continued development in neighborhoods
2017 Trends…