Boutique owners in Chicago’s trendy neighborhoods (West Town, Bucktown, Wicker Park, etc.) face a key choice between an independent street storefront and a space in a managed shopping center. Below is a comparison of benefits and drawbacks for each option, focusing on lease costs, foot traffic, branding, flexibility, competition, and current market trends. Lease Costs…

Opening a boutique store in Chicago requires careful budgeting for build-out and renovations. Costs can vary widely based on the condition of the space and the level of customization, but with the right planning you can create an inviting retail environment without overspending. Below is a breakdown of typical renovation costs, key expense categories, influencing…

Chicago’s retail real estate market varies dramatically by neighborhood. Trendy districts like Wicker Park, Bucktown, and Logan Square have seen notable shifts in retail rents, influenced by local foot traffic, development, and broader market trends. In this post, we’ll break down the average price per square foot in key areas, examine lease trends, and discuss…