Walton Street
Description
Upscale Allure on the Gold Coast Walton Street, situated in the high-profile Gold Coast area of Chicago, benefits from its proximity to Oak Street and Rush Street, two of the city’s most prestigious retail corridors, and located across the street from the 900 North Michigan Shops. Walton Street is known for its contemporary brands and major national chains, providing a mix that caters to a discerning clientele of young professionals, tourists, and high-income individuals. Key tenants include Amiri, Ksubi, Patagonia, Reformation and luxury resale store The Real Real, all of whom contribute to the street’s upscale reputation. The more desirable retail locations are concentrated on the west half of the street, particularly on the north side. The Walton Street Experience Walton Street's strategic location near Oak Street and Rush Street allow it to attract luxury brands and national chains looking to establish a presence in a prime retail environment. The street continues to be shaped by such new additions Moose Knuckles and The Real Real, which recently relocated here. These brands perfectly align with the area's high-end, fashion-focused tenant mix. The most coveted spots for tenants are generally located on the west half and north side of Walton Street, where the co-tenancy is most desirable. Upscale Allure on the Gold Coast Walton Street, situated in the high-profile Gold Coast area of Chicago, benefits from its proximity to Oak Street and Rush Street, two of the city’s most prestigious retail corridors, and located across the street from the 900 North Michigan Shops. Walton Street is known for its contemporary brands and major national chains, providing a mix that caters to a discerning clientele of young professionals, tourists, and high-income individuals. Key tenants include Amiri, Ksubi, Patagonia, Reformation and luxury resale store The Real Real, all of whom contribute to the street’s upscale reputation. The more desirable retail locations are concentrated on the west ha...Read more
Local Expert Analysis
Market Positioning: Walton Street ranks within the top five high streets in the Chicago MSA, but it is not as prominent as neighboring Oak and Rush Streets. Nevertheless, it is still considered an attractive option for flagship stores and often serves as a strategic location for brands entering the market. Financial Metrics: The rental landscape on Walton Street reflects its high-end appeal, with gross rents ranging from $200 to $300 per square foot. The estimated vacancy rate falls between 5% and 10%, suggesting a moderately competitive market where there is room for both new and established retailers to enter or expand. Customer Demographics and Foot Traffic: Walton Street shares a similar demographic profile with its neighboring streets, attracting young professionals, tourists, and affluent individuals. Foot traffic is moderate during both day and night on weekdays and weekends, reflecting a more subdued retail and dining environment compared to the more vibrant Oak and Rush Streets. Leasing Activity and Market Evolution: Over the past year, Walton Street has maintained stable leasing activity, showing moderate growth in line with broader market trends. The leasing environment remains consistent, with the street continuing to attract luxury and high-end brands that complement the upscale character of the surrounding area. Future Trends and Market Outlook: Looking ahead, Walton Street is expected to see moderate growth and development, aligning with its current market position. The street’s appeal will likely continue to be driven by its proximity to Oak Street and Rush Street, as well as its ability to attract a complementary mix of tenants. Additional Insights: Walton Street’s reputation and performance are closely tied to its more famous neighbors. While it may not be the top choice for every retailer, it offers a strategic alternative for those looking to tap into the Gold Coast’s affluent market without the premium price tag associated with Oak Street and Rush Street. The stable leasing environment and potential for moderate growth make it a reliable location for brands looking to establish or strengthen their presence in ChicagoMarket Positioning: Walton Street ranks within the top five high streets in the Chicago MSA, but it is not as prominent as neighboring Oak and Rush Streets. Nevertheless, it is still considered an attractive option for flagship stores and often serves as a strategic location for brands entering the market. Financial Metrics: The rental landscape on Walton Street reflects its high-end appeal, with gross rents ranging from $200 to $300 per square foot. The estimated vacancy rate falls between 5% and 10%, suggesting a moderately competitive market where there is room for both new and established retailers to enter or expand. Customer Demographics and Foot Traffic: Walton Street shares a sim...Read more