High-End North Shore Rentals in Hot Demand

High-end North Shore rental properties are being snatched up at a whirlwind pace, Crain’s Chicago Business reports, with examples like a Kenilworth colonial that had two offers its first day on the market for $9,000 a month.

As the housing market recovers and people are able to sell, there are fewer rentals available, the article states. Yet the demand is still there, whether it’s from people stuck between a sale and a closing on a new house, an executive in town for a short-term job, or a family that needs a rental home because of divorce or during the transition from the city to the North Shore while they get their bearings.

You can read the full Crain’s article here.

Have you seen this phenomenon happening near you?