Chicago & Midwest CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

Chicago & Midwest  + Downtown  + Retail  | 

Loop Metrics Reach Highest Levels Since Pandemic Began

Chicago Loop Alliance’s June report on downtown activity shows the highest levels for all metrics since before the pandemic. In particular, hotel occupancy reached 42%, pedestrian data saw its highest weekly increase since the pandemic began, and the Chicago region is outperforming New York and the Bay Area for office occupancy.

“Not only are we seeing a rise in all the usual metrics we track, but we’re also seeing increased vehicle traffic on State and Michigan in the Loop, and O’Hare and Midway airports are reporting great improvements to their passenger numbers,” said Chicago Loop Alliance CEO Michael Edwards. 

He added, “We’re hearing anecdotally from hotel operators that they pretty much hit capacity over the July Fourth weekend, and pedestrian impressions are on track to hit one million per week in July.” The Alliance expects its Sundays on State “to have a huge impact on Loop activity moving forward.”

Connect

Inside The Story

Chicago Loop Alliance

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

Step 1: Select Education
  • ◦Economy