Dealmakers Optimistic on City's Apartment Market

The State of the Market Update at Marcus & Millichap’s Multifamily Forum on Tuesday.

CHICAGO—As new apartment towers rise over the city of Chicago, heavily concentrated just west and south of the Loop, inevitably people in the industry have begun to wonder when the market will hit a saturation point. But these days, unlike say, 2007, the market seems to have a built-in discipline. That at least was the consensus during a panel discussion on Tuesday at Marcus & Millichap’s multifamily forum.

Steve Rachman, regional manager and managing broker for M & M, led the discussion at the Mid-America Club with several of the city’s top dealmakers.