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    Downtown Chicago’s condo development boom has ended. Here’s why

    For the first time in years, there are no new large condo projects under construction in downtown Chicago. Roughly 2,500 condos have been developed downtown since 2015 as multiple towers were constructed, and about 600 of those units are still available, said Gail Lissner, managing director for Integra Realty Resources. But the high cost of construction and high interest rates, which are ...
    by Brian J. Rogal, Chicago Tribune Apr 11, 2024 2 minutes
    A resident works in a shared study room at The Reed, a new condominium and rental building in Chicago's South Loop on April 2, 2024.

    For the first time in years, there are no new large condo projects under construction in downtown Chicago.

    Roughly 2,500 condos have been developed downtown since 2015 as multiple towers were constructed, and about 600 of those units are still available, said Gail Lissner, managing director for Integra Realty Resources.

    But the high cost of construction and high

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