State Street, that great street, will only continue to be even greater for shoppers as retail vacancies in the Loop have hit their lowest levels in over a decade. As tourism continues to grow, and the Loop becomes more residential, the numbers are expected to look even better for retailers according to Crain's. A recently released report shows that the overall retail vacancy in the loop currently hovers around ten percent, its lowest level in 12 years. Michigan Avenue has had the strongest growth, despite retail rent prices that have gone through the roof in the last couple of years. Tourists and residents alike are voting with their dollars and showing that Chicago's dense downtown is the destination for all things shopping.
· Loop retail vacancies drop to lowest in at least 12 years [Crain's]