2003 Overview – Chicago Loop Retail Analysis

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%, […]

2002 Overview – Chicago Loop Retail Analysis

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 […]