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Chicago, IL Insightsas of Oct 2026
Population size
2.7 M People
Population growth
-0.5%
Age distribution
0-14: 18%
15-24: 13%
25-44: 32%
45-64: 23%
65+: 14% percent
15-24: 13%
25-44: 32%
45-64: 23%
65+: 14% percent
Household size
2.4 People
Household composition
Family households: 48%
Non-family: 52% percent
Non-family: 52% percent
Education level
Bachelor's degree or higher: 42% percent
Median household income
68,000 USD/year
Employment rate
62 %
Job growth
1.2 %
Dominant industries
Finance, healthcare, manufacturing, tourism, tech industries
Cost of living index
105 index
Retail sales per capita
18,500 USD/year
Disposable income
52,000 USD/year
Spending behavior by category - apparel, dining, electronics
Apparel: 12%, Dining: 18%, Electronics: 9% percent
Existing retail mix
Department stores, specialty retail, restaurants, big-box, mixed-use mix
Number of competitors
450 retailers
Market saturation
75 percent
Presence of anchor tenants
Macy's, Nordstrom, Target, Whole Foods tenants
Foot traffic from nearby businesses
High level
Rent costs
45 USD/sqm/month
Property values
8,500 USD/sqm
Zoning laws
Mixed-use commercial zones predominant description
Business permits
12 weeks
Availability of retail space
12 SQM
Proximity to major roads
High level
Public transportation access
Excellent level
Parking availability
Moderate level
Pedestrian traffic
High level
Vehicle traffic
Heavy level
Public transport accessibility
High level
Commute times
32 minutes
Work patterns
Hybrid: 45%, Fully remote: 20% percent
Shopping preferences
Value-conscious, experiential, local brands preferences
Brand affinity
High for Nike, Apple, local designers affinity
Consumer loyalty
Moderate level
Entertainment and leisure trends
Dining out, sports events, cultural venues trends
Crime statistics
Property crime: 3,200 per 100,000 rate
Shoplifting rates
Moderate level
Public safety measures
CCTV, private security, police presence measures
Tourist spending
2,800,000,000 USD/year
Tourist footfall
58,000,000 visits/year
Major local events
Lollapalooza, Taste of Chicago, holiday markets events
Seasonal attractions
Festivals, sports seasons, holiday shopping attractions
E-commerce penetration
32 %
Click-and-collect adoption
25 %
Local preference for in-store shopping
68 %
Total retail space
12,500,000 sqm
Retail space per capita
4.7 sqm
Projected growth in retail space
2.5 %
Retail leakage rate
15 %
Sustainable retail demand
Strong level
Major upcoming retail projects
The 78, Lincoln Yards retail components projects
Grocery market share distribution - Top 3 retailers & market share
Jewel-Osco: 28%, Mariano's: 22%, Whole Foods: 15% percent
Consumer spending patterns
Essentials dominant, discretionary recovering patterns
Grocery expenditure trends
Stable with 3% annual growth trends
Luxury retail performance
Strong recovery post-pandemic performance
Top mall shopping preferences
Water Tower Place, State Street, Oakbrook Center malls
Shopping trips to other cities - % of residents
12 percent
Key drivers for mall visits
Dining, events, anchor stores drivers
Preferred brand categories - Luxury fashion, Value fashion, etc.
Value fashion, athletic wear, home goods categories
Number of existing malls
25 malls
Total retail footfall - annual visits across malls
185,000,000 sqm
Retail market gaps
Mid-tier experiential retail gaps
Trade area population
8,500,000 people
Retail potential in catchment area
High level
Projected retail growth rate
2.8 %
Preferred mall layouts
Mixed-use, open-air, transit-oriented layouts
Public transport access
Excellent level
Walkability score
85 score
Road infrastructure & car access
Good level
Parking capacity in comparable malls
4,500 spaces
Surrounding land use & future developments
Mixed residential-commercial, ongoing mixed-use projects use
Retail Destinations in Chicago, IL
Browse 3 retail destinations in Chicago, IL, United States. Explore retail leasing opportunities, space availability, and market analytics on Occupi.
Chicago, IL at a Glance
- Total Properties3
- CountryUnited States
