CHICAGO | General Discussions

[jtown,man]

I had an in-person class today. The professor said this is the most people she has been around since Covid started.

I was around more people back in May 2020. Vaccinated people are still scared? Boggles my mind.

[Chi-Sky21]

Originally Posted by jtown,man

I had an in-person class today. The professor said this is the most people she has been around since Covid started.

I was around more people back in May 2020. Vaccinated people are still scared? Boggles my mind.

Did it ever occur to you that maybe some of us are not SCARED but still limit interaction or do masking for the sake of OTHERS. I am vaccinated and still mask, my daughter has had breathing issues since birth and is not yet at age where she can get vaccinated. I appreciate that there may be others in this situation and act accordingly. freedums is freedums... but not acting for the common good is just selfish stupidity.

[the urban politician]

Hate to interrupt the 143,000th debate on this forum about how we're handling COVID, but I was surprised nobody posted this:

New tenant signs at the Mart
Northfield-based medical supply company Medline inked a long-term deal, a positive sign for downtown office landlords grappling with COVID-19 fallout.
DANNY ECKER

Medical supply company Medline Industries is opening a new downtown Chicago office, signing on for nearly 51,000 square feet at the Merchandise Mart.

The Northfield-based company inked a 12-year lease at the mammoth office building along the Chicago River, according to a person familiar with the deal. Details of how many of Medline's roughly 4,800 local workers will be based out of the downtown office are unclear, and a company spokesperson declined to comment. The new space beefs up an urban outpost the company first planted in 2013 when it leased 11,000 square feet at 100 S. Wacker Drive.

https://www.chicagobusiness.com/comm...ew-office-mart

[the urban politician]

More info on who is renting downtown in this article, but I found this tidbit interesting:

Relocations—tenants moving into Chicago from another state or the suburbs—typically account for about 40% of all leases handled by Luxury Living, says Aaron Galvin, the firm’s co-founder and CEO. Luxury Living oversees leasing for about 3,000 apartments, mostly downtown, including Wolf Point East, a new 60-story tower along the Chicago River.

That’s also about when Galvin started to notice a shift in the market—a pickup in leases with out-of-state renters. So far this year, relocations have accounted for about half of Luxury Living’s leases—up from 40% in prior years—with people from outside Illinois representing 35% and suburban relocations representing 15%, he says. Last year, renters moving into the city from the Chicago suburbs accounted for about 25 percent of the total.

https://www.chicagobusiness.com/comm...ong-post-covid

The noteworthy part in bold. Out of town relocations went from 40% of downtown leases in prior years, to 50% this year.

May not seem like much, but for a rapidly growing region like downtown Chicago, that's pretty significant. The profile of downtown Chicago to out of towners is growing.

[tjp]

^ Very interesting!

Crain's also had an article yesterday about how downtown condo sales have recovered to 2019 levels, while prices are still lower. The only downtown submarket still below 2019 sales levels is the Near Northside; the realtor they interviewed blamed the perception of crime.

[F1 Tommy]

Originally Posted by the urban politician

More info on who is renting downtown in this article, but I found this tidbit interesting:




https://www.chicagobusiness.com/comm...ong-post-covid

The noteworthy part in bold. Out of town relocations went from 40% of downtown leases in prior years, to 50% this year.

May not seem like much, but for a rapidly growing region like downtown Chicago, that's pretty significant. The profile of downtown Chicago to out of towners is growing.

That is good news but what are the overall numbers breakdown from 2019 and 2021 to compare overall? This could be a spin if people moving from the metro area to downtown are down?

[marothisu]

Originally Posted by jtown,man

I had an in-person class today. The professor said this is the most people she has been around since Covid started.

I was around more people back in May 2020. Vaccinated people are still scared? Boggles my mind.

Did you mean to generalize millions of people based on 1 person's actions/statements? Honest question because if so then you might want to take a step back and think about things more logically because it's sheer stupidity to generalize the actions of an entire group of people based on a few people.

For the record, most people I know whether vaccinated or unvaccinated have been meeting with people for most of the entire pandemic after the initial few months of shock. If you came to my neighborhood in NYC even last summer you'd never even know a pandemic was going on at a very popular large park near us that's frequented by thousands of people. I've been hanging out with friends since last May as well, and even had 10 people over in my apartment for July 4th.

Most people are not scared for themselves. Most people have the ability to understand that they'll probably be OK but they have a conscience to not get someone who is truly at risk sick (or worse). There are some people who try to stay out of crowds or meet with people because they're close to someone who may be at risk. For those such as myself, I don't want to get sick but this also isn't a reality where I am close with at risk people. Being vaccinated now gives me more freedom (in my mind) to try and resume an even more normal life outside of my friend group and a few places in the neighborhood.

[Yuri]

I bring here two posts of mine regarding Chicago from the Downtown thread in case someone is interested:

Originally Posted by yuriandrade

As you guys mentioned Chicago, I decided to put its numbers together:

Downtown Chicago



---------------------- 2020 ------ 2010 ------ 2000 ------ 1990

Near North Side --- 105,481 ---- 80,484 ---- 72,811 ---- 62,842 ----- 31.1% ----- 10.5% ----- 15.9%

Loop ----------------- 42,298 ---- 29,283 ---- 16,388 ---- 11,954 ----- 44.4% ----- 78.7% ----- 37.1%

Near North Side has 6.8 km² for a density of 15,500 inh./km² and Loop 2.9 km² and 10,800 inh./km². 20 and 6 census tracts, respectively.

Loop, from a CBD, turned into a very dense residential area. Ditto for the southern tracts of Near North Side, which are the ones growing like crazy. The other areas are more stable as they've always been residential.

Originally Posted by yuriandrade

---------------------- 2020 ------ 2010 ------ 2000 ------ 1990

Near North Side ------ 105,481 ----- 80,484 ---- 72,811 ---- 62,842 ----- 31.1% ----- 10.5% ----- 15.9% ------ 6.8 km²

Loop -------------------- 42,298 ----- 29,283 ---- 16,388 ---- 11,954 ----- 44.4% ----- 78.7% ----- 37.1% ------ 3.9 km²

Near South Side ------- 28,795 ----- 21,390 ----- 9,509 ----- 6,828 ----- 34.6% ---- 124.9% ----- 39.3% ------ 4.6 km²

Near West Side -------- 48,719 ----- 36,789 ---- 21,689 ---- 17,978 ----- 32.4% ----- 69.6% ----- 20.6% ------ 7.4 km²

Central Chicago ---- 225,293 --- 167,946 --- 120,397 ---- 99,602 ----- 34.1% ----- 39.5% ----- 20.9% ------ 22.8 km²

Chicago MSA ----- 9,618,502 - 9,461,105 - 9,098,314 - 8,182,076 ------ 1.7% ------ 4.0% ----- 11.2% -- 18,634 km²


For Near West Side, as it's way too big, I considered only the eastern half of it, using 10 censos tracts.

As it happens in Near North Side, it's the census tracts near Loop the ones booming, in both NSS an NWS. In fact, the southernmost census tract in NSS, majority Black, is actually collapsing. In 1990, it made up 40% of NSS population. Today, it represents mere 4%.

[SamInTheLoop]

Originally Posted by yuriandrade

I bring here two posts of mine regarding Chicago from the Downtown thread in case someone is interested:

You say that the NSS furthest south/majority African American census tracts are collapsing in population, but then use a proportion of overall NSS population as backing. But, my question is - is that just due to the rapid growth of the South Loop/Northern part of NSS? In other words, what has been the actual population trend of the southern part of NSS? And if it has in fact declined in absolute terms, how much of that might be due solely to CHA demolition with no or relatively minimal replacement development yet occurring?

[Steely Dan]

Originally Posted by SamInTheLoop

You say that the NSS furthest south/majority African American census tracts are collapsing in population, but then use a proportion of overall NSS population as backing. But, my question is - is that just due to the rapid growth of the South Loop/Northern part of NSS? In other words, what has been the actual population trend of the southern part of NSS? And if it has in fact declined in absolute terms, how much of that might be due solely to CHA demolition with no or relatively minimal replacement development yet occurring?

all 5 census tracts of the NSS CA gained in population from 2010 - 2020, so no part of it is "collapsing in population".

the percentage of black residents in the southern tracts my be dropping, but they're all growing in absolute numbers:

CT 3301.01: +46%
CT 3301.02: +39%
CT 3301.03: +25%
CT 3302: +5%
CT 8410: +30%

and overall, the NSS CA grew +35%.

[SIGSEGV]

Originally Posted by SamInTheLoop

You say that the NSS furthest south/majority African American census tracts are collapsing in population, but then use a proportion of overall NSS population as backing. But, my question is - is that just due to the rapid growth of the South Loop/Northern part of NSS? In other words, what has been the actual population trend of the southern part of NSS? And if it has in fact declined in absolute terms, how much of that might be due solely to CHA demolition with no or relatively minimal replacement development yet occurring?

I think it's entirely the demolition of the Harold Ickes Homes and the fact that it's taking > 10 years to replace them.

[Randomguy34]

Originally Posted by the urban politician

So 70% of the "out of towners" (which represent half of new downtown renters) that are renting apartments downtown are actually coming from out of State

Originally Posted by marothisu

Crains had a new op ed which states that thru the first 7 months of 2021, condo sales in The Loop are up 51% compared to the same time in 2019.

These two points pretty much explain this year's flood of new apartments planned for Fulton Market. The crop of mega developments breaking ground in the Fall should help fill the dip in supply from last year

[marothisu]

Originally Posted by Randomguy34

These two points pretty much explain this year's flood of new apartments planned for Fulton Market. The crop of mega developments breaking ground in the Fall should help fill the dip in supply from last year

As someone coming back to the city from elsewhere, I really wish there were more "luxury" buildings available in Lincoln Park, Lakeview, Lincoln Square, etc too. I feel like areas like Wicker Park, West Loop, and Logan Square have done a better job of accounting for this.

Kind of looking forward more to buying a nice condo now

[sentinel]

Originally Posted by marothisu

As someone coming back to the city from elsewhere, I really wish there were more "luxury" buildings available in Lincoln Park, Lakeview, Lincoln Square, etc too. I feel like areas like Wicker Park, West Loop, and Logan Square have done a better job of accounting for this.

Kind of looking forward more to buying a nice condo now

Wait, so you and your wife are officially moving back now? Nice! (although, I feel like you already indicated that before; I forget things..)
Yeah, a condo may be more affordable, relative to a nice apartment.

[marothisu]

Originally Posted by sentinel

Wait, so you and your wife are officially moving back now? Nice! (although, I feel like you already indicated that before; I forget things..)
Yeah, a condo may be more affordable, relative to a nice apartment.

Yeah - it's been official for awhile. There were just some things timing wise that have delayed things a bit. I've been actively hiring more people in Chicago though this whole time.

Still have to sign on to a place but we have a few prospects.

[the urban politician]

^ I recommend One Chicago. Rent there.

[marothisu]

Originally Posted by the urban politician

^ I recommend One Chicago. Rent there.

Was going to, until my wife decided having a bath instead of stand up shower is important. None of the 1 bedrooms have it.


Ugh.

[Kenmore]

as someone who deeply enjoys the book, bath, j combo, the elimination of baths in new construction is an oversight

[marothisu]

Originally Posted by Kenmore

as someone who deeply enjoys the book, bath, j combo, the elimination of baths in new construction is an oversight

I mean, I like a good bath too. She didn't care about it though 2 months ago and now, yup. Oh well..

[moorhosj1]

Originally Posted by marothisu

I mean, I like a good bath too. She didn't care about it though 2 months ago and now, yup. Oh well..

She thinking about having kids soon? That’s why we required one during our last move.