A "booming" apartment market has retailers filling empty storefronts, according to a report from real estate firm Marcus & Millichap. The Chicago metro area retail vacancy rate is expected to drop to 7.7 percent this year, the lowest it's been since late 2007, according to a recent report on Chicago's...

Topics:  marcus   millichap   chicago's   chicago   report   expected   retail vacancy rate   
BING NEWS:
  • Offices near O'Hare with little vacancy hit the market
    Investors are paying fire-sale prices for distressed office buildings. What will they pay for one that has been renovated and is almost full?
    05/3/2024 - 9:49 am | View Link
  • Lower office vacancy rates? You’ll find them closer to public transit stations
    According to Avison Young, office properties located within three blocks of downtown Chicago’s Ogilvie and Union stations have vacancy rates that are about 400 basis points lower on average compared ...
    05/2/2024 - 11:42 pm | View Link
  • Lee & Associates Report: Industrial, Office Sectors Face Challenges as Retail, Multifamily Show Positive Trends
    Sponsored Economic headwinds such as elevated interest rates and persistent inflation set the stage for mixed outcomes in the first quarter for industrial, office, retail and multifamily sectors, with ...
    05/2/2024 - 1:13 am | View Link
  • Office Leasing Plunges, Vacancy Rises in Chicago CBD
    The direct vacancy rate in Chicago’s CBD hit 21.2% in Q1, a 90 bps increase over the previous quarter and a 200 bps increase in a year-over-year comparison. The vacancy rate in Class A office ...
    05/1/2024 - 10:38 pm | View Link
  • Cook County sheriff's task force uses all means to bust organized retail theft in Chicago
    The task force isn't only responding to thefts​ on retail strips such as the Magnificent Mile or making arrests. They are working directly with businesses.
    04/23/2024 - 11:21 am | View Link
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