Chicago & Midwest + North Side + Apartments | March 23, 2021

Brixbid Brings Auction-Based Apartment Leasing to Chicago

Brixbid, an auction-based apartment listing platform, has launched in the Chicago market. Conceived by commercial real estate veterans who own and operate thousands of apartment units in Chicago and New York, Brixbid intends to serve both renters and landlords by offering a turnkey experience for apartment leasing transactions.

“Whether the market is hot or experiencing disruption, the auction-based pricing tool works to the benefit of a prospective renter and the landlords,” said James Peterson, Brixbid’s co-founder. “In an up market, renters have the option to pay more to secure a unit that is in high demand. Conversely, in a down market, where landlords might be struggling to move a unit, renters can offer a lower price.”

In the Chicago market, which has a large volume and variety of rental housing across distinct neighborhoods, the model works for landlords of all sizes and apartment classes, says Brixbid.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).