A view of the Magnificent Mile. Retail rents for marquee spaces on North Michigan Avenue in Chicago averaged US$450 per square foot in 2018, down from US$550 the previous two years, according to Cushman & Wakefield. Photo: Chicago Tribune/TNS

Why high streets like Chicago’s North Michigan Avenue will remain as the destination of choice for shoppers and retailers

  • Retailers, real estate investors and brokers remain bullish on North Michigan Avenue’s long-term prospects
  • The world’s largest Starbucks – a four-level, 43,000 sq ft Roastery – will open on North Michigan Avenue at the end of this year
Topic |   International Property

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A view of the Magnificent Mile. Retail rents for marquee spaces on North Michigan Avenue in Chicago averaged US$450 per square foot in 2018, down from US$550 the previous two years, according to Cushman & Wakefield. Photo: Chicago Tribune/TNS
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