23-Feb-16 – Most renters of luxury apartments in downtown Chicago are single with no roommates, says a River North company that finds renters for luxury buildings.

Luxury Living Chicago Realty, which put renters in more than 500 apartments last year, says 60.4 percent of its renters were living on their own and 32.2 percent were couples. Of those couples, less than four percent had children.

A luxury apartment renter is not likely to have roommates. Luxury Living found only 7.4 percent of its clients had a roommate.

“There isn’t really a place for roommates in the Class A plus buildings,” reads a report released by Luxury Living earlier this month. “Roommates are typically trying to save money and aren’t the prime demographic.”

Half of Luxury Living’s renters relocated to downtown Chicago to be close to a job. 27 percent were already living downtown. The company says that demonstrates “how luxury renters tend to move from one high-rise community to another in search of the newest living experience.”

The newest apartments are the most expensive, says Luxury Living, and young professionals are willing to pay to live in the best spots downtown. The average rent last year was $2,577, up $12 from 2014. But where $2,500 used to be the most a renter would spend per month on a one-bedroom apartment, Luxury Living says the number is getting closer to $3,000.

According to Luxury Living…