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Chicagoland Retail Deliveries Will Bottom in 2011

OAKBROOK TERRACE, IL-Mid-America Real Estate Corp. predicts retail development will increase in 2012.

By Jennifer Duell Popovec | Updated on January 27, 2011

OAKBROOK TERRACE, IL-After three years of anemic retail construction activity, development will increase in 2012, according to a new report from Mid-America Real Estate Corp.

“We do expect a moderate increase in retail deliveries next year, as deliveries bottom this year at about 634,000 square feet,” says Andy Bulson, author of the Mid-America 2010-11 Shopping Center Report. “Most of the deliveries will be Wal-Mart stores. With their various sizes and formats, they are making a big push into the City.”

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