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Originally Posted by isaidso
It bears mentioning that household size can't keep heading down. A ton of households are at just 1-2 people already. This absolutely will affect demand for housing going forward. The City of Chicago may have been able to build, up till now, more residential despite overall population decline but that's going to come to a head unless the city starts seeing population increase. If it doesn't, new residential means the demolition of old residential.
And judging by the high-rise construction figures posted on this thread, Chicago hasn't experienced a high-rise construction boom. "2,500 condos have been developed downtown since 2015". The actual numbers were quite low so aren't we talking about a change from not very many being built to next to none?
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It's also possible that Chicago's population has declined because it isn't building enough housing. NYC's count of housing units has increased by almost 40% since 1950, which has translated into a roughly 12% population increase over the same period of time. Chicago's housing units has only increased by about 12%, which has probably not been enough to sustain the population.