Office occupancy, parking reservations and Metra ridership reached record recovery rates in Chicago’s Loop, with parking reservations consistently reaching 100% recovery for a year. Those are among the key findings of the Chicago Loop Alliance’s monthly report for April, which found that office occupancy has more than doubled compared to a year ago.
For the first time since the onset of the pandemic’s impact, April’s weekly pedestrian counts surpassed one million for State Street in the Loop, averaging 1.1 million weekly pedestrians for the month. This contributed to a stable monthly rate of nearly 66% of 2019 pedestrian counts for April.
“Many office workers, residents, leisure and business travelers relish being back downtown and often stay in the Loop enjoying what the city has to offer beyond the workday – like a robust theatre scene and lively late-night activities,” said Michael Edwards, president and CEO of Chicago Loop Alliance.
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).