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Demand for Chicago Retail Space on the Rise

CHICAGO-Mid-America Retail Group reports that major retailers are searching more than 78 million sf of space in order to facilitate their expansion efforts in this market. The search for space is a 16% increase from 2005 figures.

By Bonnie Grota | Updated on May 30, 2006

(For more retail coverage, click GlobeSt.com/RETAIL.)

CHICAGO-The Chicagoland area’s healthy economic base and growing population together fuel retail sales that meet or exceed the expectations of retailers, according to Mid-America Retail Group’s recently released Fourth Annual Retail Demand Study.

Out of 32 categories that the firm tracks, the primary retailer types generating the most buzz include: grocery/discount combination stores, traditional grocery stores, home improvement stores and restaurants. The study includes more than 864 retailers currently active in the Chicagoland area.

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