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Chicago Flats Leasing

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Chicago Flats Leasing

Project Overview

Golub’s portfolio spanned Lakeview, Lincoln Park, Roscoe Village and Old Town and had a vacancy rate over 25% heading into the 2019 spring leasing season. The apartment buildings had undergone cosmetic renovations the previous 12-24 months, but were having trouble competing with similarly renovated product. To complicate matters, lease expiration dates were staggered throughout the year, rather than expiring in peak leasing season.

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our process

Project Outcome

We spent the first Spring & Summer season reassessing the rental rates to find more balance with less concessions while renewing & signing new leases that expire in the March-August months. In one season, we brought occupancy for the portfolio to 95%+ occupancy and minimized tenant turnover to under 50%. Golub continues to utilize 33 as its exclusive leasing provider for the portfolio.

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$1,700
Average Monthly Rents
700 SF
Average Unit Square Footage
4
Unit Types
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