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Chicago & Midwest  |  May 22, 2018
Chicago Multifamily Market Headed for Further Growth according to a new northmarq report
Paul Bubny
By: Paul Bubny

Cook County Property Values Underwater But Rising

The headline in some published reports noted that total Cook County property values, commercial as well as residential, are still nearly $100 billion below 2007 levels. While that’s true, a report from the Civic Federation emphasized that values have now increased four years in a row.

“Following several years of decline, this fourth consecutive year of growth in the estimated full value of property in Cook County is a positive sign that the real estate market continues to recover,” said Laurence Msall, president of the nonpartisan government research organization. Prior to 2007, the estimated full value of real estate in the City of Chicago and suburbs grew every year, going back to at least 1995.

Total values across the county were $559.7 billion for tax assessment year 2016, the most recent full year for which data is available. That’s a 5.8% increase from the year prior.


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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 16-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 7-10 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).
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