CHICAGO—Although a lot of worries surround the retail sector,vacancy recently declined throughout much of the Chicago region.And combined with a slow construction pipeline, that has meantrental rates have finally started to rise. The increases are notexactly large, but it's still a noticeable change from 2016.
“In 2016, the tenants were in control, and could negotiate froma very strong position,” Austin Weisenbeck, firstvice president, investments, Marcus &Millichap, tells GlobeSt.com.
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