market profile 2017 - macerich...
TRANSCRIPT
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C H I C A G O , I L
M A R K E T P R O F I L E 2 0 1 7
FOR INFORMATION:312-222-1622Macerich.com
PROPERTY TYPE:Mixed-use, Urban
TOTAL SQUARE FEET:671,000
MAJOR RETAILERS:Nordstrom, BOSS Hugo Boss, Stuart
Weitzman, White House l Black Market, Vosges Haut-Chocolat, M∙A∙C Cosmetics,
Wolford, Kiehl’s Since 1851, Samsonite, Alex and Ani
RESTAURANTSEataly, Joe’s Seafood Prime Steak &
Stone Crab, The Purple Pig, Lao Sze Chuan, Eddie V’s, Doc B’s Fresh Kitchen, Shake Shack
FOOD COURT:8 units
BUILT:2000
POPULATION
2016 Total Population 222,731 1,080,150 9,649,592
2021 Total Population 227,675 1,107,186 9,801,977
2016-2021 Population Growth 2.2% 2.5% 1.6%
HOUSEHOLDS
2016 Total Households 129,741 497,185 3,544,883
2021 Total Households 132,667 510,529 3,600,148
2016-2021 Household Growth 2.3% 2.7% 1.6%
INCOME
Average Household Income $129,447 $91,182 $87,508
Median Household Income $85,064 $57,246 $62,058
Per Capita Income $76,110 $42,859 $32,603
HOUSEHOLD INCOME RANGES
$50,000 + 92,332 71.2% 276,731 55.7% 2,128,567 60.0%
$75,000 + 72,661 56.0% 200,688 40.4% 1,509,577 42.6%
$100,000 + 56,075 43.2% 145,369 29.2% 1,048,277 29.6%
$150,000 + 35,204 27.1% 80,817 16.3% 495,405 14.0%
AGE
Median Age 33.0 33.1 36.7
EDUCATION/OCCUPATION LEVELS
Bachelor’s Degree Plus 142,624 81.4% 419,057 54.8% 2,353,794 36.5%
White Collar 135,746 88.1% 440,213 73.1% 2,962,714 62.9%
RACE/ETHNICITY
White 179,813 80.7% 595,357 55.1% 6,171,859 64.0%
Black 12,903 5.8% 209,675 19.4% 1,616,763 16.8%
American Indian 325 0.1% 4,955 0.5% 36,571 0.4%
Asian 20,158 9.1% 105,343 9.8% 639,575 6.6%
Pacific Islander 93 0.0% 461 0.0% 3,493 0.0%
Other Race 9,439 4.2% 164,359 15.2% 1,181,331 12.2%
Hispanic or Latino 14,764 6.6% 288,235 26.7% 2,169,182 22.5%
Not Hispanic or Latino 207,967 93.4% 791,915 73.3% 7,480,410 77.5%
DAYTIME EMPLOYMENT
Total Businesses 16,338 59,759 372,622
Total Employees 237,130 992,550 5,195,309
Source: U.S. Census Bureau. ESRI 2016
CHICAGO-NAPERVILLE-ELGIN, IL-IN-WI [MSA]
DEMOGRAPHIC SUMMARY
PRIMARY TRADE AREA TOTAL TRADE AREA
THE SHOPS AT NORTH BRIDGE
TRADE AREA MAP
N
LEGEND
THE SHOPS AT NORTH BRIDGE
PRIMARY TRADE AREA
SECONDARY TRADE AREA
COMPETITIVE CENTERS
OTHER CENTERS
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SITE PLAN
UPDATED 3/17
CHICAGO, IL
MARKET FACT SHEET
STRONG RETAIL#1 NORDSTROM
IN THE WORLD
50,000+ PEOPLE WALK MICHIGAN AVENUE EVERY DAY
LARGEST EATALY IN THE NATION AT
63,000 SQUARE FEET
EXPANSIVE LOCAL DRAW WITH A TOTAL TRADE AREA
POPULATION OF
1 MILLION
500,000 OFFICE PROFESSIONALS WITHIN 1-MILE RADIUS
30 MILLION SHOPPERS
ANNUALLY VISIT THE MAGNIFICENT MILE
YEARLY SALES
$182 AVERAGE TOTAL
EXPENDITURE PER VISIT (NEARLY DOUBLE THE U.S.
SHOPPER BENCHMARK OF $98)
$142,041 SHOPPER AVERAGE
HOUSEHOLD INCOME
55% OF SALES GENERATED BY SHOPPERS WITH INCOMES GREATER THAN $150,000 (MORE THAN TRADE AREA RESIDENTS OF 31%)
OVER 70 HOTELS OFFERING MORE THAN 40,000 HOTEL ROOMS
SHOPPERS CONSIST OF 47% TOURISTS FROM OVER 45 COUNTRIES
54.1 MILLIONTOURISTS VISITED CHICAGO IN 2016
JAN 5.4%
FEB 5.8%
MAR 8.7%
APR 7.5%
MAY 8.7%
JUN 9.0%
JUL 9.9%
AUG 7.2%
SEP 8.9%
OCT 8.5%
NOV 8.6%
DEC 11.9%
80% OF SHOPPERS HAVE A BACHELOR’S DEGREE OR HIGHER (NEARLY TRIPLE U.S. AVERAGE OF 30%)
33% OF SHOPPERS ARE MILLENNIALS BETWEEN THE AGES OF 25-34
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