National rental service
Published on: Mar 3, 2016
Transcripts - National rental service
Steven Gouletas: Demand Remains High
in Chicago Rental Market
As chief executive officer, Steven Gouletas leads
National Rental Service, a property management
firm active in Chicago and Orlando.
Over the past several years, rents for the most
desirable downtown Chicago apartments have risen,
and according to the vice president of Appraisal
Research Counselors, a group that analyzes the
Chicago residential market, that trend will most
likely continue into the foreseeable future.
Total rent for prime downtown real estate rose more
than 7.5 percent from 2011 to 2012.
In suburban areas, by comparison, Appraisal
Research Counselors observed more modest rent
Commonly, experts divide Chicago properties into
classes designated by letters.
"A" properties represent recent apartment
construction that includes units with amenities like
washers and dryers.
"B" properties encompass properties constructed
before "A" units came along and raised the bar by
Rents for "A" apartments have risen, even more than
"B" apartments, on strong demand spurred by an
influx of people that find rentals more attractive on
account of uncertainty in the housing market.