Oak Street
Description
Chicago’s Crown Jewel of Luxury – Timeless Elegance in the Gold Coast
In Chicago’s prestigious Gold Coast, Oak Street defines upscale shopping in the Midwest, blending heritage architecture with premier retail. Known for luxury brands like Chanel, Moncler, Van Cleef & Arpels, Harry Winston and rece
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street Details
Annual foot traffic
500,000 people/year
Daily vehicle traffic
15,000 vehicles/day
Population
25,000 people within
Day time population
35,000 people within
Household income (median)
$75,000.00 annually
Age (average)
> 35 years old within
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Sample Space 1
1000 SF
Suitable for retail, restaurant, office
Sample Space 2
1500 SF
Suitable for retail, restaurant, office
Sample Space 3
2000 SF
Suitable for retail, restaurant, office
Oak Street has become even stronger with Lugano Diamonds opening its multi-level store. The luxury shopper has yet another choice for its diamond purchases in addition to watches, jewels and luxury apparel.
Local Expert gives us the lowdown on Oak Street, Chicago
Bottega Veneta opens new store at 41 East Oak Street, Chicago
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Local Expert Analysis
Market Positioning and Financial Metrics
As one of the top high streets in the Chicago MSA, Oak Street is highly desirable for flagship luxury brands. Gross rents range from $300 to $400 per square foot, and a vacancy rate below 5% reflects its high demand and exclusivity. This coveted status makes Oak Street ideal for brands that want to position themselves among global luxury leaders.
Customer Demographics and Foot Traffic
Oak Street’s clientele includes high-income residents, affluent tourists, and even celebrities, drawn by the street’s luxury mix and high-end ambiance. Foot traffic remains steady throughout the week, with heightened activity on weekends due to the nearby Rush Street
New Developments
Recent openings of brands like Akris and Loewe reinforce Oak Street’s appeal, and planned building updates continue to enhance its elite status. As new brands enter, Oak Street maintains its historic charm while evolving to meet modern luxury standards.