Crypto News: Downtown Chicago's residential boom

As Chicago heads into a mayoral race on Tuesday, things may not be as bleak for the city's downtown as some have worried. Despite concerns of a Covid-induced urban exodus, the central business district — which faced a slower recovery than other parts of the US — is seeing a residential boom. Population in the Loop grew by almost 9% since 2020, according to new estimates, with occupancy rates among residential properties exceeding pre-pandemic levels.

The growth has implications for the future of the Loop, which could become more residential with the addition of 5,000 housing units by 2028. But crime remains a top issue among voters and candidates, as complaints in the area rose 60% last year, writes Isis Almeida. A shift in demographics— in which Latinos surpassed Chicago's Black population — could also play a significant role in deciding the city's next leader. Today on CityLab: Downtown Chicago Now Has More Residents Than Before the Pandemic

-Sri Taylor

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