As mentioned yesterday, pre-leasing at 111 W. Wacker—Chicago’s hottest new luxury rental building—is off and running. So just what does that mean for potential renters interested in calling this place home? In many cases, developers will begin leasing out units even before construction is 100% complete in order to create a buzz about the building, gauge the open market, and give those who are truly interested an opportunity to secure a place as quickly as possible.
As hot as downtown Chicago’s rental market has been over the past 12-18 months, it’s certainly not surprising to see pre-leasing start this early for move-ins that won’t even happen until July; and if 111 W. Wacker is a building you can envision yourself being at some point in time, now may your best chance to get in at the lowest possible rate.
As of today, here’s a quick run-down of pricing at 111 W. Wacker:
Studio, 1 Bath (Available 7/1/2014: $1,695
Studio, 1 Bath (Available 7/1/2014): $1,795
Alcove Studio, 1 Bath (Available 7/1/2014): $2,155
1 Bedroom, 1 Bathroom (Available 7/1/2014): $2,525
1 Bedroom, 1 Bathroom (Available 7/1/2014): $2,855
2 Bedroom, 2 Bathroom (Available 7/1/2014): $4,195
3 Bedroom, 3 Bathroom (Available 7/1/2014): $4,595
Please note, these prices—which are sure to increase as more units begin to lease—are subject to change at any time. For the most up-to-date pricing, or to schedule a showing at 111 W. Wacker, CALL CHICAGO’S PROPERTY SHOP TODAY AT (312) 243-5200!