Report: Mag Mile 2025

Mag Mile Market Overview - 2025

Kirsch Agency tracks leading indicators in key Chicago retail markets. Our proprietary dataset is often relied upon by our retailer and owner clients to facilitate important leasing valuation decisions. Often quoted as authoritative, our market-level observations are based upon exhaustive research, real-time observations and leveraging strategic relationships.

Water Tower’s downsize in Zone A triggered a major market realignment and new retail leases for premier retailers further lowered vacancy in Zone B and Zone C.

Notable New Transactions in 2025

• L’Agence | 900 N Michigan

• Hotel Chocolat | 830 N Michigan

• Leica | 822 N Michigan

• Hoka | 730 N Michigan

• Charles Trywitt | 625 N Michigan

• The North Face | 605 N Michigan (KA transaction)

• Coach | 444 N Michigan (KA transaction)

Predictions for 2026
2026 is set to be a landmark year. We project double the transaction count of 2025, fueled by over 100k square feet of net absorption. As Kirsch Agency continues to represent premier landlords and tenants, we anticipate a year-end vacancy rate of 23.5% following a series of high-impact transactions.

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For Additional Information, please contact:
Gregory Kirsch, Designated Managing Broker
Kirsch Agency | gregory@kirsch.agency
(312) 315-5000