Rents in Chicago have been on a downward trend since reaching a peak of $1,694 in September 2014, according to the Zillow Rent Index. As of Jan 2015, average rent in the city was $1,605, a decline of 0.5%. The declining rents can be attributed to an oversupply of apartments and rental properties that came online to meet the growing …
Customer Service is Key to Building Leasing Agent Career
Renters trying to find single family homes, condominiums and other types of properties to rent often turn to real estate leasing agents for assistance. In Chicago and other hot rental markets around the country, renters are facing stiff competition for rental properties due to an increase in demand over the past few years. In some cases, renters have become frustrated …
Good News for Leasing Agents: Rental Demand to Continue for Years to Come
Demand for apartments is on the rise here in Chicago and in other parts of the United States. This is welcome news for individuals who are interested in a career in real estate leasing. Although new apartment construction has picked up over the years, it is not expected to fill demand in the near term. Rental demand has been rising …