Chicago Retail Real Estate Market Improves, But It’s Still Not Good

Retailers looking for store space in the Chicago area may notice fewer “for rent” signs these days, but it’s still far from a landlords’ market. The Chicago-area retail vacancy rate dropped to 10.7 percent in fourth-quarter 2019, down from 10.9 percent in the third quarter and 11.1 percent a year earlier, according to the Chicago office of CBRE. The local vacancy rate has fallen for three straight quarters and now stands at its lowest level in two years. Read more at Crain’s Chicago.