Retail relocations and openings in Chicago’s Near North Side show uneven momentum across sub-districts. On Michigan Avenue, new flagship stores from H&M and Aritzia have opened, but large stretches between Chestnut and Pearson remain vacant, even as Uniqlo explores taking over the Under Armour space as that lease winds down. Meanwhile, boutique-oriented corridors like Oak Street and Rush Street are outperforming, with new entries from Cartier, Loewe, On, Ganni, Rails and Mejuri strengthening those clusters. Vacancy rates on Michigan Avenue sit above 30 percent, highlighting continued challenges for classic flagship retail, while more intimate, experience-driven streets are seeing steadier fill-ins
By Raina Schofield, Brandmarch1 min read
This underscores how tenant mix and street-level character are shaping recovery patterns even within the same district — larger blocks of traditional flagship space require proactive strategy, while scaled, lifestyle tenants are anchoring the boutique corridors.
Contact Brandmarch's local expert for Michigan Avenue, John Vance for more information.
Store opening
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Sources: New Stores And Retail Relocations Announced Across Near North Side - Chicago YIMBY