MARKET PROFILE 2017 - Macerich...

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CHICAGO, IL MARKET PROFILE 2017 FOR INFORMATION: 312-222-1622 Macerich.com PROPERTY TYPE: Mixed-use, Urban TOTAL SQUARE FEET: 671,000 MAJOR RETAILERS: Nordstrom, BOSS Hugo Boss, Stuart Weitzman, White House l Black Market, Vosges Haut-Chocolat, M∙A∙C Cosmecs, Wolford, Kiehl’s Since 1851, Samsonite, Alex and Ani RESTAURANTS Eataly, Joe’s Seafood Prime Steak & Stone Crab, The Purple Pig, Lao Sze Chuan, Eddie V’s, Doc B’s Fresh Kitchen, Shake Shack FOOD COURT: 8 units BUILT: 2000

Transcript of MARKET PROFILE 2017 - Macerich...

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C H I C A G O , I L

M A R K E T P R O F I L E 2 0 1 7

FOR INFORMATION:312-222-1622Macerich.com

PROPERTY TYPE:Mixed-use, Urban

TOTAL SQUARE FEET:671,000

MAJOR RETAILERS:Nordstrom, BOSS Hugo Boss, Stuart

Weitzman, White House l Black Market, Vosges Haut-Chocolat, M∙A∙C Cosmetics,

Wolford, Kiehl’s Since 1851, Samsonite, Alex and Ani

RESTAURANTSEataly, Joe’s Seafood Prime Steak &

Stone Crab, The Purple Pig, Lao Sze Chuan, Eddie V’s, Doc B’s Fresh Kitchen, Shake Shack

FOOD COURT:8 units

BUILT:2000

POPULATION

2016 Total Population 222,731 1,080,150 9,649,592

2021 Total Population 227,675 1,107,186 9,801,977

2016-2021 Population Growth 2.2% 2.5% 1.6%

HOUSEHOLDS

2016 Total Households 129,741 497,185 3,544,883

2021 Total Households 132,667 510,529 3,600,148

2016-2021 Household Growth 2.3% 2.7% 1.6%

INCOME

Average Household Income $129,447 $91,182 $87,508

Median Household Income $85,064 $57,246 $62,058

Per Capita Income $76,110 $42,859 $32,603

HOUSEHOLD INCOME RANGES

$50,000 + 92,332 71.2% 276,731 55.7% 2,128,567 60.0%

$75,000 + 72,661 56.0% 200,688 40.4% 1,509,577 42.6%

$100,000 + 56,075 43.2% 145,369 29.2% 1,048,277 29.6%

$150,000 + 35,204 27.1% 80,817 16.3% 495,405 14.0%

AGE

Median Age 33.0 33.1 36.7

EDUCATION/OCCUPATION LEVELS

Bachelor’s Degree Plus 142,624 81.4% 419,057 54.8% 2,353,794 36.5%

White Collar 135,746 88.1% 440,213 73.1% 2,962,714 62.9%

RACE/ETHNICITY

White 179,813 80.7% 595,357 55.1% 6,171,859 64.0%

Black 12,903 5.8% 209,675 19.4% 1,616,763 16.8%

American Indian 325 0.1% 4,955 0.5% 36,571 0.4%

Asian 20,158 9.1% 105,343 9.8% 639,575 6.6%

Pacific Islander 93 0.0% 461 0.0% 3,493 0.0%

Other Race 9,439 4.2% 164,359 15.2% 1,181,331 12.2%

Hispanic or Latino 14,764 6.6% 288,235 26.7% 2,169,182 22.5%

Not Hispanic or Latino 207,967 93.4% 791,915 73.3% 7,480,410 77.5%

DAYTIME EMPLOYMENT

Total Businesses 16,338 59,759 372,622

Total Employees 237,130 992,550 5,195,309

Source: U.S. Census Bureau. ESRI 2016

CHICAGO-NAPERVILLE-ELGIN, IL-IN-WI [MSA]

DEMOGRAPHIC SUMMARY

PRIMARY TRADE AREA TOTAL TRADE AREA

THE SHOPS AT NORTH BRIDGE

TRADE AREA MAP

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THE SHOPS AT NORTH BRIDGE

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UPDATED 3/17

CHICAGO, IL

MARKET FACT SHEET

STRONG RETAIL#1 NORDSTROM

IN THE WORLD

50,000+ PEOPLE WALK MICHIGAN AVENUE EVERY DAY

LARGEST EATALY IN THE NATION AT

63,000 SQUARE FEET

EXPANSIVE LOCAL DRAW WITH A TOTAL TRADE AREA

POPULATION OF

1 MILLION

500,000 OFFICE PROFESSIONALS WITHIN 1-MILE RADIUS

30 MILLION SHOPPERS

ANNUALLY VISIT THE MAGNIFICENT MILE

YEARLY SALES

$182 AVERAGE TOTAL

EXPENDITURE PER VISIT (NEARLY DOUBLE THE U.S.

SHOPPER BENCHMARK OF $98)

$142,041 SHOPPER AVERAGE

HOUSEHOLD INCOME

55% OF SALES GENERATED BY SHOPPERS WITH INCOMES GREATER THAN $150,000 (MORE THAN TRADE AREA RESIDENTS OF 31%)

OVER 70 HOTELS OFFERING MORE THAN 40,000 HOTEL ROOMS

SHOPPERS CONSIST OF 47% TOURISTS FROM OVER 45 COUNTRIES

54.1 MILLIONTOURISTS VISITED CHICAGO IN 2016

JAN 5.4%

FEB 5.8%

MAR 8.7%

APR 7.5%

MAY 8.7%

JUN 9.0%

JUL 9.9%

AUG 7.2%

SEP 8.9%

OCT 8.5%

NOV 8.6%

DEC 11.9%

80% OF SHOPPERS HAVE A BACHELOR’S DEGREE OR HIGHER (NEARLY TRIPLE U.S. AVERAGE OF 30%)

33% OF SHOPPERS ARE MILLENNIALS BETWEEN THE AGES OF 25-34

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