Roger Daniel’s Top Five Multifamily Trends in Chicago

Daniel Management Group started in Chicago in 2013 and Chicago multifamily continues to be a strong presence in our portfolio. President and founder, Roger Daniel sat down to share his top five Chicago multifamily trends for the year.  

  1. Increased AI: Not unique to Chicago, but nationally, we will see an increased influence of AI in operations and leasing for multifamily. This will help property management companies work smarter and more efficiently allowing employees to focus on areas where they can add significant value. 
  2. Supply and Demand: In Chicago there will be continued supply constraints throughout 2025. This lack of apartments will lead to an increase in rents across all types of apartment buildings.  
  3. Real Estate Tax: Real estate landlords and investors will continue to watch closely in 2025 to see how Cook County will approach real estate tax assessments. The approach will impact investments in the City now and in the future.  
  4. Insurance: Insurance premium costs are expected to continue to rise in the next year. Natural disasters and inflation have been the primary drivers of this increased cost.  
  5. Increased Multifamily Transactions: In December 2024, the Fed cut rates by a quarter of a point and laid out a plan for 2025 that included a cut of half a percentage point and only two cuts during the year. This stability of the rates, a shift in political climate, and a significant number of upcoming loan maturities will likely lead to an increased volume of transactions.