Loop retail vacancies tumble with help from eateries Crain’s The Loop retail vacancy rate fell last year to its lowest level since 2002 as retailers, led by restaurant chains, expanded downtown as the economy improved. The vacancy rate declined to 13.6% from 14.1% in 2009, according to an annual report by the Chicago-based retail brokerage […]

‘Uncommon strength’ for Loop retail market Crain’s Retail vacancy downtown climbed last year as several stores and restaurants in the Central Loop closed shop amid a recession that socked retailers nationwide. The Loop’s retail vacancy edged higher to 14.1% last year from 13.7% in 2008, which was a six-year low, according to an annual report […]

As the Economy Weakens, the Loop Strengthens In the face of the worldwide economic downturn, the Chicago Loop market sustained a surprising 1% growth in the occupancy, increasing from 85.08% to 86.26%. This is the highest occupancy rate since 2002, as this market once again displayed its resilience. “We expected pain this year, but this […]

Loop retail maintains solid footing The Chicago Loop’s retail real estate market remains vibrant, as the market’s three main strengths — dynamic Millennium Park tourist traffic, developing downtown residential market and strong office tenant densities — attract more retailers to the Loop. With an infusion of approximately 200,000 square feet added to the market, arguably […]

Loop retail occupancy rises — again Chicago’s Loop retail vacancy dropped by more than two percentage points in 2006, down to 14.58%, and more than three and one- half points from 2004, according to the 5th Annual Loop Retail Survey conducted by Stone Real Estate Corp. “The Loop retail market continues to flex its muscles,” […]

Loop’s retail vacancy rate drops even as supply increases The Loop’s retail vacancy dropped by almost two percentage points to 16.70%, as the market absorbed approximately 124,000 square feet of retail space. This rise in occupancy demonstrates the continued resiliency of the Downtown Chicago retail market, despite adding approximately 87,000 square feet of supply. The […]

Loop retail vacancy rises slightly in 2004; market still strong Chicago’s Loop retail vacancy rose in 2004, increasing two percent to 13.03%, as measured by storefronts and to 18.16% by square footage. Even with this vacancy rate, the market remains robust, according to John Vance of Stone Real Estate Corp., which just completed its annual […]

Loop retail vacancy increases, but market remains healthy The Loop’s retail vacancy rate increased in 2003 to 16.52%, but the market remains in equilibrium, according to John Vance of Stone Real Estate Corp., which just completed its annual Loop Retail Survey. “When looking at vacancy by number of storefronts, the vacancy rate is only 11.00%, […]

Loop retail maintains solid footing At the end of the fourth quarter, 2002, Chicago’s Loop contained approximately 3,003,474 square feet of retail space. The Loop’s overall retail vacancy is 13.38% based upon total square footage, and 9.81% based upon the number of storefronts. The Loop boundaries are defined as Lake Michigan to the East, the […]