Retail net absorption has been moderate in Chicago, but so far positive. New concepts are branching out of the urban core and exploring the options in suburbia.
The Western and Southwestern suburbs are peaking the interest of expanding occupiers and owners – a perfect match. JLL’s Claire Bitautas and Anne Imming said that landlords are looking to fill medium 5,000 square feet of inline space, and there a number of turn-key, move-in ready restaurant opportunities available. These spaces are ideal locations for first time entrepreneurs looking to open quickly and shorten their ramp-up risk.