Why Rent A Pop Up Shop In Chicago
A pop-up store is a transitory commercial space that can open for a single day or several weeks, even months. A pop up store rental does not commit you with a lasting lease and allows you to offer a unique consumer experience, connect with customers or validate the potential of a Chicago neighborhood while benefiting from great flexibility.
Chicago is the perfect place to organize your pop up store! Known for its Midwestern charm and plethora of famous restaurants, museums, and parks, the city is undergoing a fresh, modern makeover. Specifically in the retail and fashion scene, Chicago is fast becoming a hip retail destination with tons of neighborhoods, like The South Loop, and many shopping centers undergoing retail projects to attract more footfall and brands.
Chicago, which draws a crowd eager for trying new products, is full of distinctive popup-ready venues available for rent from a few days to a couple of months: apartments, old warehouses, etc. High ceilings? Marble floors? Parquet floors? Whether youre an established brand looking to expand your retail presence here and try a short-term space, or an e-commerce business looking to book a pop-up for your next project, Storefront has tons of suitable spaces.
How To Make Money With Renting Your Commercial Retail Space In Chicago
In Chicago, commercial retail space is expensive. So, how can you make money by renting your commercial retail space?
If you follow these steps, youll be on your way to making money with your commercial retail space in Chicago.
Dedicated Commercial Real Estate Agents & Brokers
As one of the top commercial real estate companies in Chicago, its no surprise that when new commercial real estate for sale hits the market, our brokers and agents immediately reach out to their network of active investors and companies looking for new local space. This proactive approach helps our clients grab up some of the hottest real estate on the market. Conversely, when Millennium Properties clients are planning to sell their existing real estate, we work just as hard to reach prospective buyers through advertising and other commercial real estate marketing efforts.
Weve worked hard to develop trusting, transparent and continued relationships with our investors, owners and occupants, by helping them find the right Chicago commercial real estate listings. In doing so, weve surpassed other local commercial real estate companies in terms of excellent service and trust, simply by having a firm grasp of the local market and a thorough understanding of our clients business challenges.
Whether you need insightful market condition research, building improvement recommendations or consulting on a long-term growth strategy, our knowledgeable team of commercial real estate brokers and agents will provide a helping hand and guidance in support of your goals. From negotiating the best price for your preferred piece of Chicago commercial real estate to securing tenants and recommending local construction and service providers, were here to support you.
Also Check: Flights From Chicago To Lima
How Long Does It Take To Fill Vacant Retail Space In Chicago
In Chicago, the retail vacancy rate has been rising in recent years. According to a report by the Commercial Alliance Chicago, the vacancy rate for retail space in Chicago was 6.2% in 2017, up from 5.6% in 2016. So, how long does it take to fill vacant retail space in Chicago?
Well, that depends on several factors, including the location of the space, the size of the space, and the type of retail business that is looking to lease the space. For example, a small retail space in a prime location may only be on the market for a few weeks before it is leased by a new tenant.
On the other hand, a large retail space in a less desirable location could take months or even years to lease. Ultimately, the amount of time it takes to fill vacant retail space in Chicago will vary depending on the individual situation.
How Much Does It Cost To Rent A Shop In Chicago
Commercial rental spaces can vary drastically from a mere $800/pcm to a staggering $22,000/pcm. The largest rental segment falls into the $2,500/pcm segment, while the second-largest category is in the $7,000/pcm price bracket.
- Magic Mile average rental space is 2500 sq ft and $2.82/sq ft a tourist destination
- Lincoln Park ave/rental space is 2000 sq ft and $3.04/sq ft affluent neighborhood
- Old Town ave/rental space is 2800sq ft and 5.17/sq ft historical architecture
- Central Loop average rental space is 2400 sq ft and $2.44/sq ft pedestrian market
- East/West Corridor ave/rental space is 3000 sq ft and $1.45/sq ft micro-markets proximity to O’Hare International Airport
- North Michigan ave/rental space is 2800 sq ft and $3.67/sq ft high pedestrian traffic iconic shopping mall district
- New East Side along with the Chicago River 2700 sq ft and $2.72/sq ft elegant & scenicChicago offers a spectrum of unique commercial rental spaces to clients. Finding a reliable real estate partner who understands the retail environment is a wise investment. *pcm= per calendar month
Read Also: Chicago Bears Salute To Service
Retail Commercial Real Estate In Chicago
The third largest city in the United States, Chicago is a major destination for tourism, commerce, finance, and international trade. Home to some of the largest companies in the world, the citys reputation for business and entrepreneurship is unmatched. Routinely ranked as one of the best places to start a business, Chicagos annual gross metropolitan product outranks most countries in the world.
Built upon a foundation of retail, commerce, and transportation, Chicago served as one of the leading outposts during the Western expansion, providing a midwestern hub for moving people and supplies from the East Coast to points further west and toward Pacific trading posts overseas.
The citys robust economy and need for low-level workforces drew immigrants from around the world, providing Chicago with a diverse population that continues to this day. With so many flourishing neighborhoods throughout the city limits, theres no wrong place to set down retail roots in Chicago. Walkable neighborhoods prime for foot traffic storefronts, bars, and restaurants include Lake View, West Loop, Lincoln Square, and Wicker Park. If youre seeking high-visibility, the maximum amount of foot traffic and tourist retail sales potential, or seeking to align your company alongside international commercial and financial players, the Loop is the only place to be.
How To Start A Retail Venue Rental Business In Chicago
Are you looking to start a retail venue rental business in Chicago? If so, there are a few things you need to know.
If you have a passion for retail and are looking for a new business venture, then starting a retail venue rental business in Chicago may be the right choice. With a retail venue rental business, you can rent out space to retailers, businesses, and even individuals for events, pop-ups, and more.
To get started, you will first need to find a suitable location. Once you have found a potential location, you will need to obtain the necessary permits and licenses. Once you have obtained the permits and licenses, you will need to create a business plan.
Recommended Reading: Chicago Institute Of Plastic Surgery
How Much Does It Cost To Rent A Pop
As we touched on earlier, the price for a short-term rental space is dependent on location and size. On average, pop-up shops in Chicago go for approximately $2,582 per day, ranging from $200 per day to over $18,000 per day . You can rent pop-up stores in small studios or large lawn areas, depending on what you are using the space. West Town boasts rather affordable rental rates with sizable studio spaces, whereas Gold Coast, Lincoln Park, and West Loop have higher lease rates.
How To Set Up A Retail Venue In Chicago
When setting up a retail venue, Chicago is a great place to be. With a thriving downtown area and a variety of neighborhoods to choose from, there is a retail venue for every type of business. Here are a few tips on how to set up a retail venue in Chicago:
With these tips, you will be well on your way to setting up a successful retail venue in Chicago.
Read Also: Chicago O’hare Airport Hotels With Shuttle Service
A Thriving City With Midwestern Charm Chicago Boasts Some Of The Worlds Best Architecture And Museums Plus Fine
With so much to see and do, including visiting jazz clubs, visiting Cloud Gate and walking around its diverse neighborhoods, theres plenty of room for retailers to pop in and stand out.
With a laid-back Midwestern style, Chicagos retailers have both a local and international flair and theres plenty of shopping to do, no matter your mood. In a city that has something for everyone, Chicago also boasts a top retail scene thats both eclectic and traditional, making it easy for brands and retailers to settle on popping up whether for short-term or an extended stay.
An Ephemeral commercial space can open for a single day or several weeks, even months. A flexible space rental does not commit you with a long term lease and allows you to connect with customers, offer a unique consumer experience or validate the potential of a Chicago neighborhood while benefiting from great flexibility.
Storefront’s selection of spaces in Chicago covers a large range of use cases, such as pop up stores, showrooms, art galleries and event venues.
Chicago is the perfect city to organize your commercial event!
Advertise Your Retail Venue In Chicago
Chicago is the third most populous city in the United States, and it is also the most populous city in the Midwest. Chicago has a population of 2.7 million residents and is home to many well-known attractions like The Bean, Willis Tower , Navy Pier, Grant Park, and Lincoln Park Zoo.
Chicago has a vast array of shops that offer merchandise for every taste and budget. You can find anything from high-end luxury brands to bargain basement deals on Chicagos Magnificent Mile or in one of its many neighborhoods.
If you own a retail venue in Chicago, you know how important it is to get the word out about your business. There are many ways to advertise your retail venue, but it can be difficult to know where to start. Here are some tips to help you get started advertising your retail venue in Chicago.
You May Like: How Long Is Flight From Dallas To Chicago
Why We Need To Rethink Vacant About Retail Spaces In Chicago
As the retail industry evolves, so do the needs of retailers. To remain competitive, retailers need to be able to adapt to the ever-changing landscape. One way that retailers can do this is by rethinking the way they use vacant space.
In Chicago, there is a growing trend of vacant retail space. This is due to several factors, including the rise of online shopping and the decline of brick-and-mortar stores. While this may seem like a bad thing, it presents an opportunity for retailers.
N Western Ave Chicago Il 60625
FOR LEASE | Price on request
Available for the first time in over 40 years, this commercial space has over 31,000 SQFT of retail potential in Chicagos highly desirable neighborhood of Lincoln Square. Front, Rear and Side load industrial building offering tremendous tenant visibility along the signalized intersection of Winnemac and Western Ave.
The first floor has over 10,000 SQFT, with three overhead doors and one loading dock. Tall 16 foot ceilings allows for additional storage space for inventory. The first floor includes retail frontage along the Western Ave, which boasts an average daily passing vehicle count of 33,000. With large parking lot beside the property, this location can support significant foot traffic. Additionally, this location is approximately 0.5 miles to the Western CTA Brown Line stop, which has 11,770 average weekly riders and is among the highest volume of all CTA Brown Line stops.
The second floor of this space offers approximately 17,000 SQFT of space, inclusive of tall 16 ceilings, skylights filling the space with natural light, and plenty of office space. Also, there is a industrial elevator which traverses 3 floors .
The basement of the building has 4,700 SQFT of usable space with tall ceilings and accessible through a stair well and elevator.
If your business requires licensing please consult this site:
You May Like: Express Medical Lab Chicago Ridge
Retail Rental Space In Chicagos South Loop
23rd Place offers the ideal location at the epicenter of South Loop, Bronzeville, Chinatown, and the Motor Row District, for your amazing business. With our well-appointed living spaces for rent surrounding your establishment and the multitude of exciting neighborhoods abutting Southbridge, your business will have the advantage of being both highly visible and a premiere partner at our Southbridge development.
From helping the community, to expanding your business reach, contact 23rd Place today to learn about our retail leasing opportunities.
What Are The Benefits Of Renting A Pop
Since this is a short-term rental, you are not tied down with a lease. Unique pop-up shop rental options for rent in Chicago include a “pop-up closet” inside a loft space with a whiteboard for communication, board games and treats for the visitors. Inside a renovated pop-up spaces with high ceilings, tons of natural light, and lots of light-filled rooms. Storefront has the largest commercial spaces available for rent in Chicago: a circa 100,000-square-foot .
Recommended Reading: Oak Street Health Chicago Heights
Chicago Retail Space For Renthomefind Retail Spacechicago Below Are Current Listings For Chicago Retail Space For Lease With A Variety Of Sizes And Options Available There Are A Number Of Prospective Spaces For Companies Seeking Retail Center Street Retail Creative Flex Showroom And Medical Space Note: Retail Listings For Chicago Are Constantly Changing And There Are Always Unlisted Properties That Will Be Available In The Coming Weeks And Months Or Are Available For Sublease Contact Us Today And Our Commercial Real Estate Team Will Find The Right Space For You Searching: Chicago Retail Listings
3530-58 West Irving Park
Chicago, IL 60618
This retail listing in Chicago provides 1,820 SF of available space in a great location. Located at 3530-58 West Irving Park this strip center listing.
1,820 SF
7108 S Wabash
Chicago, IL 60619
This retail listing in Chicago provides 1,067 SF of available space in a great location. Situated at 7108 S Wabash this strip center space is.
1,067 SF
6972 N. Clark
Chicago, IL 60626
This retail listing in Chicago provides 2,400 SF of available space in a great location. Situated at 6972 N. Clark this strip center listing is.
2,400 SF
519 E 103rd St
Chicago, IL 60628
This retail property in Chicago provides 1,600 SF of available space in a great location. Situated at 519 E 103rd St this strip center space.
1,600 SF
6336-58 West Gunnison
Chicago, IL 60630
This retail listing in Chicago provides 1,100 SF of available space in a great location. Located at 6336-58 West Gunnison this strip center listing is.
1,100 SF
3400 N. Harlem Ave.
Chicago, IL 60634
This retail property in Chicago provides 1,100 SF of available space in a prime location. Located at 3400 N. Harlem Ave. this strip center space.
1,100 SF
2200 N. Damen Ave.
Chicago, IL 60647
This retail listing in Chicago provides 8,000 SF of available space in a prime location. Located at 2200 N. Damen Ave. this strip center space.
8,000 SF
2819-2823 W. Diversey Av.
Chicago, IL 60647
800 SF
9523 S. JEFFERY
Chicago, IL 60617
1,000 SF
820 W. Belmont
Chicago, IL 60657
900 SF
9201 S Commercial
Chicago Il Office Space For Rent
- 7401 S State St,Park Manor,Chicago, IL For Lease
Also Check: Flights From Nyc To Chicago