Quote Originally Posted by wolverine View Post
Mall space demand on Mich ave exceeds supply because it caters to international and out of state tourists.
LOL. Yes, the demand is so high that Chicago Place shuttered, and the upper levels of the existing malls all have vacancies. It must be all those "international tourists" that strangely look like heffers from Iowa and Indiana in-town to see American Girl Place. The reality is that vertical retail doesn't work, and Chicago, while it gets tons of Midwest tourists, gets few from outside the U.S. Rents are high on the street, and low in the upper levels of vertical malls, both in Chicago and everywhere.