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Sep 29, 2023 · The U.S.’s Top Market for Retail Absorption. Almost 1.7 million sq. ft. of retail space has been absorbed in Chicago in H1 2023. Retail availability sits at 6.8% as of Q2 2023, its lowest level since 2005. Availability has fallen by 50 basis points (bps) year-over-year. Since Q2 2020, availability has fallen 230 bps.
Completed in September 2013, the Citywide Retail Market Analysis is intended to ensure every Chicago neighborhood has convenient access to goods and services; to strengthen existing retail areas with opportunities for entrepreneurship and jobs; and to increase retail sales activity within city limits. The complete version of the Citywide Retail ...
Tenants occupied a nationally high 1.6 million square feet of the market's vacant single-tenant stock over the 12-month span ending in March. Move-ins were widespread, leading 11 submarkets to post all-time low vacancy rates at some point in the last year. Three of them — Oak Brook-Naperville-Aurora, Joliet-Central Will and the North Side ...
RETAIL LANDSCAPE 03 CITY OF CHICAGO 04 FULTON MARKET DEEP DIVE 05 SUBURBAN CHICAGO 06 INVESTMENT SALES 02 SIGNS OF LIFE 01 RETAIL LANDSCAPE FULL RETAIL EMPLOYMENT RECOVERY EXPECTED Ey 2023 1,80 people are employed within the retail sector, up 2.0% O. As of 2 2022, the retailsector recovered ,30 jobs.Retail employmentis now just 1.5% below its ...
In River North/Gold Coast, Whole Foods opened a 66,000-SF store inside the new One Chicago high-rise at 3 W. Chicago Avenue; National Retail Federation anticipates strong job/wage growth and declining unemployment; According to the U.S. Census Bureau, grocery store sales increased 9.4% from $694.3 billion in 2019 to $759.7 billion in 2020
Mar 10, 2023 · The Loop’s 2022 retail vacancy again increased from 27.44% in 2021 to 28.32%, and while this year’s vacancy rate sets another new high, the rate of vacancy increases has decelerated. The pre-pandemic vacancy of 14.92% in 2019 ballooned to 26.29% after the Covid shutdown in March, 2020.
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Sep 20, 2021 · Chicago’s retail sector continues to. ... Q3 2021 Retail Market Report | Chicago Metro. September 20, 2021 by Marcus & Millichap Research Services.
