Builders will complete 2,147 condos in the South Loop this year, a 66% increase over 2008 and nearly half the total for all of downtown Chicago, according to Appraisal Research Counselors, a Chicago-based real estate consulting firm. But with 932, or 43%, of the new South Loop condos unsold, the neighborhood now accounts for more than half the unsold units expected to hit the downtown market this year.

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Source. Chicago Business News