CHICAGO, IL – Interra Realty Managing Partner Paul Waterloo was recently featured in a Bisnow feature on some of the top stories and trends in commercial real estate in Chicago from 2025.

Topics included increased investor interest, multifamily rent growth in Chicago, the Thompson Center project and the rise in construction costs.

Paul added his insight on the topic of how rising construction costs are impacting the market.

Increased construction costs are “100%” limiting people from pursuing new construction projects, said Paul Waterloo, managing partner at Interra Realty. 

“We met with an investor yesterday that historically has built new construction, and he said, ‘Actually, right now, I’m trying to buy existing buildings and do renovations of the property,’” Waterloo said. “The main driver there is you can buy things below replacement costs right now, generally speaking.”

Read the complete article at the Real Deal.