In Chicago, the rental market has been changing to meet the demands of young urban professionals. This group is driving up the top-end housing, and they seem to have specific tastes. Because of their renting and buying power, developers have been adjusting their inventory to meet the new buyer’s wants and needs.
Most of them are technology-centered, but they also want a mix of comfort and luxury. As with any housing market, location is always the first consideration. In some situations, the neighborhood may have to be sacrificed for pricing and affordability.
The working class has always wanted to be close to the office, and that is no different in Chicago. With the advent of mobile workers and reliable public transportation, living on the outskirts of the central hubs has become an attractive option for some remote employees.
Besides work, the newest batch of renters and owners are eco-friendly, and they want to see their living quarters showing off their same values. Going green is more than just a trend for them; it is a lifestyle. Some ways they contribute to greener living are taking mass transit or driving electric vehicles, purchasing sustainable goods, and recycling. Many of the Chicago dwellings offer green options.
The culture and art life is vibrant in Chicago, and people want access to them. Living close by centers that support people in many capacities is building better communities. People feel more connected to their neighbors, and when that happens, they tend to rally together during tough times. This positively impacts single and older adults. Many of the new tenants want to be a part of something bigger and involved in a real-life social network.
The Chicago market is not centered solely on the working-age group. There is a new batch of empty nesters who are looking to downsize and find new hobbies and interests. Now that their family is grown and gone, they can focus on smaller dwellings. Chicago developers cater to their likes also. This group is not looking to expand their square footage, but rather, they are looking to branch out into volunteer work, new education opportunities, and part-time employment.
Chicago is home to a diverse group of individuals, couples, and families. It can satisfy the needs of each group and offer them plenty of free-time activities. Greenspace, parks, and walking trails are important to all of them as well as dining and shopping options. Chicago weaves businesses throughout the downtown locations, and the city has established many new walking areas for the casual exerciser to the elite athlete.
Beal Properties of Chicago has established a team of property managers and building experts to assist those looking for the perfect pad. The developers have a wide range of styles and floor plans to choose from. Beal Properties is established in many districts.
Lincoln Park is one area Beal Properties offers a mix of studios and one to two-bedroom condominiums. This pocket mixes open space, the zoo, and international diners. If you are looking in other locations, Beal has many more buildings from Lakeview to the Wrigley area. Each spot has unique highlights, cultural activities, and conveniences.
