2009 Overview – Chicago Loop Retail Analysis

‘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 […]

2007 Overview – Chicago Loop Retail Analysis

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 […]

2006 Overview – Chicago Loop Retail Analysis

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,” […]

2005 Overview – Chicago Loop Retail Analysis

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 […]

2004 Overview – Chicago Loop Retail Analysis

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 […]