June 29, 2012 Leave a comment
Trump Tower in Chicago, at 401 N. Wabash, continues to see rent prices on the rise. Prices are up well over 20% compared with the low rents prices the building saw in 2009. Right now One Bedrooms rent from $3,400 to $4,000 with larger deluxe 1 bedroom units renting for over $5,000. Two Bedroom units will start around $7,500 for a lesser view unit to over $9,000 for units with a great view.
If you’re looking to rent in Trump opportunities still exist but residences do rent quickly. Increasing rent prices and increasing demand for rentals has also helped boost sales for the building. While many buyers purchase in Trump to occupy the unit the increased rent prices gives them a comfortable safety net if they choose not to use the unit for personal unit in the future.
The most notable unit to recently rent in the building would be 88A which was on the market for months. 88A, a 6,400sf penthouse unit leased for $25,000/mo.
PAUL BLACKBURN IS A LICENSED ILLINOIS REALTOR AND BROKER WITH @ PROPERTIES IN CHICAGO. HE CAN BE REACHED VIA E-MAIL AT PAUL@PKBLACKBURN.COM