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Like many once industrial neighborhoods in big cities (think SoHo and the East Village in New York City, for example), it is no secret that the West Loop is gaining on The Loop and downtown Chicago as the place to be. Including the place to be living and walking to work and the amenities that make a neighborhood liveable.
What began as an influx of corporate giants such as Google and McDonald’s has turned the area, including the former meat-packing district of Fulton Market, into a hive of office-building construction and its inevitable following of luxury highrises, trendy eateries and high-end retail stories.
All of which has left the area with a 7% increase over the last year in the number of people doing searches for apartments in Chicago, Market Insight reported earlier this month. That makes the booming district the fifth most searched area in the city.
The booming neighborhood comes in third, according to a recent report by Domu, behind only Lakeshore East and River North, in the cost of rental housing, with the median price of a one-bedroom apartment a whopping $2,225 per month, worth it to the many who are willing to trade long commutes from outlying areas of the city and suburbs.
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