Quote:
Originally Posted by the urban politician
^ I don't think anyone here is trying to pick on you, but the current residential and office boom actually has none of the earmarks of an overbuild.
For apartments, we continue to see lots of absorption, low vacancy, and rent holding steady.
For office, I believe the last quarter saw an uptake in vacancy. Still though, nothing drastic yet--we will see if that trend holds.
Hotel I believe is the only major downtown sector which showed some of the features of an overbuild and, no surprises, that sector is seeing a slowdown in construction.
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Thanks. Preciated. I can be a bit of a crumudgeon I suppose. And the more I converse with y'all, I started to see my misperception. 4th generation Chicagoan. Proud AF of this city. Couldn't be more grateful as an architect to be from this Sullivan-Meis-Wright-Jahn town. I want great care taken at every corner. Haha. Go Sox! (Cubs, Hawks and Bears too. Screw the Bulls. Go DePaul Though)