Stone Real Estate has completed its 2022 Armitage/Damen/Southport Retail Survey, an annual market analysis of Chicago’s three primary boutique neighborhood retail streets. In this sixth edition of the Survey, the data shows a mixed bag for these three corridors in 2022 and identifies their disparate leasing trajectories as follows: 1) Armitage remains the heavyweight followed […]
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CHICAGO RIVER NORTH MARKET SURVEY – 2022 REPORT
Chicago’s River North trade area vacancy rate dropped to 16.96% in 2022, down from 19.13% in 2021. River North bucked the trend of its Loop and Magnificent Mile neighbors with this improved market condition. Noah O’Neill, principal of Stone Real Estate Corp and co-author of Stone Real Estate’s River North Retail Analysis, sees the area’s […]
John Vance, Stone Real Estate Principal, Provides Insight to The Wall Street Journal on American Cities Thriving Again
American Cities Are Starting to Thrive Again. Just Not Near Office Buildings. Neighborhoods are benefiting from remote work By Konrad Putzier and Kate King May 30, 2023 12:01 am ET As people spend more time at home, they frequent local shops, gyms and restaurants, boosting the economy of places such as Washington, D.C.’s Georgetown. PHOTO: PHOTO: AL DRAGO/BLOOMBERG NEWS […]
A Bucktown corridor, once a trendy retail magnet, transforms as consumer tastes change
Damen Avenue in Bucktown attracts more service retailers | Crain’s Chicago Business A stretch of Damen Avenue in the Bucktown neighborhood once known for attracting trendy clothing stores and restaurants is becoming a magnet for service retailers. The former home of Mindy’s Hot Chocolate is going to be an early childhood education center; a veterinary […]
Will Winter, Stone Real Estate Vice President, Provides Insight to Crain’s Chicago Business on Damen Avenue in Bucktown
A Bucktown corridor, once a trendy retail magnet, transforms as consumer tastes change ALLY MAROTTI 3/30/23, 2:55 PM Damen Avenue in Bucktown attracts more service retailers | Crain’s Chicago Business A Bond Vet location in New York. The veterinary clinic chain plans to open a Bucktown outpost in the next few months. A stretch of […]
John Vance, Stone Real Estate Principal, Provides Insight to ABC 7 Chicago on Michigan Avenue and Chicago Loop Rebound
CHICAGO (WLS) — Vacancy rates in the Loop and the Magnificent Mile are up, but the I-Team is finding bright spots and reasons to be optimistic about Chicago’s retail future. “I’m hoping some new stores will come in,” a Mag Mile shopper said. “It doesn’t look good, it doesn’t look pretty,” remarked her friend. The corridor […]
Chicago Loop Retail Analysis – 2022 Data
CUT ME MICK (Rocky Balboa to his trainer, Mickey Goldmill, during his fight against Apollo Creed on January 1, 1976 in Philadelphia) After weathering the barrage of punches from the two-pronged attack of Covid and the subsequent Work from Home (WFH) trend, the Loop’s retail market is indeed battered and bruised. But the real story […]
The Mag Mile’s Vacancy Rate is Pushing 29%. Recent Moves Will Push it Even Higher.
Cartier plans to close this longtime store on the Mag Mile, but Swarovski is leasing the space to the right formerly occupied by Rolex. Three retailers are making moves on North Michigan Avenue in what adds up to a net loss for the beleaguered shopping strip. First, the good news: Swiss crystal and jewelry maker […]
Two Veteran Boutique Chicago Retail Real Estate Firms Announce Merger
Stone Real Estate and RN Realty to Join Forces Chicago, IL – Two longstanding Chicago commercial real estate firms have merged to broaden their capabilities to serve commercial real estate tenants, landlords and investors. The principals of Stone Real Estate and RN Realty have merged into one collaborative team under the Stone Real Estate umbrella. RN Realty […]