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 […]