Chicago Loop Retail Analysis – 2023 Data

The Loop endured its fourth straight annual vacancy rate increase in 2023, jumping to 30.13% in 2023 from 28.32% in 2022. Significantly, the vacancy rate has now doubled from its pre-Covid level of 14.92% in 2019. In the 22 years that Stone Real Estate Corp. has conducted its Annual Loop Retail Survey, the lowest recorded […]

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 […]

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,” […]