Thursday, December 20, 2007

Most Retail Space Ever in Chicago

An interesting commercial real estate article here.

There was a record 8.4 million square feet of new retail development built in metropolitan Chicago in 2007, according to a survey to be released early next year by Mid-America Real Estate Corp. of Oakbrook Terrace.

That space, which includes the construction of new retail developments and the expansion of existing ones, beat the previous record of 6.8 million square feet, set in 1994. Last year 6 million square feet was added.

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