Census data shows more people are moving to Chicago's Loop, with more residential units expected downtown over the next five years.
"We all heard the stories of people leaving during the pandemic. Turns out that wasn't really true," said Michael Edwards, with the Chicago Loop Alliance. "The market certainly softened for downtown living but it's been off the charts for the last year and a half."
Ben Creamer with the Downtown Apartment Company said the demand has been high, even though rents are back to pre-pandemic levels. "It's still important to live close to work to people, so maybe they are in the office three days a week or five days a week, so walkabilityconvenience -- they still want to see their co-workers, so that's been a large part of it," Creamer said.Copyright © 2023 WLS-TV. All Rights Reserved.
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