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Chicago Loop is Fastest Growing Downtown in U.S.

The Chicago Loop is the fastest growing downtown in the U.S. and fastest growing neighborhood in Chicago, the Chicago Loop Alliance reported in a new study. The Loop’s population continued to grow through the pandemic and now numbers 46,000, or nearly 4,000 more than pre-pandemic. 

The average Loop household spent more than $18,000 at businesses in the Loop in 2022, or approximately $481 million. A retail gap analysis indicates an additional $940 million in spending potential from Loop residents. 

“The Loop continues to be the city’s fastest growing neighborhood, and the fastest growing residential downtown in the country, yet the Loop remains in need of amenities to attract and retain residents,” said Michael Edwards, president and CEO of Chicago Loop Alliance. “We hope the evidence and narrative of this study provides context for how we can all work together to make Chicago’s Loop more beneficial for workers, tourists, and residents.” 


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 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).

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