New Retail Enlivens State Street

Crain’s Chicago Business, October 21, 2026

Retail vacancy rates for Chicago’s State Street dropped over six percent from 2024 to 2025, and store openings are adding energy to a post-pandemic retail recovery in the Chicago Loop. Projected residential population growth and the future opening of Google’s headquarters should further strengthen the retail environment. Barnes & Noble, Gap Factory, and Mood Fabrics are among the new options for State Street shoppers. Old Navy, another Gap brand, will re-establish a presence downtown at 20 S. State Street. DMA is working on behalf of building ownership to support the Old Navy opening.

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