State Street downtown has highest vacancy rate ever
CHICAGO -- State Street is a cultural anchor, a shopping destination, and an important part of Chicago's history. The Loop stretch of State Street has had its ups and downs – in the late 1970s, it was turned into a pedestrian mall and bus-only route in an effort to counter the effects of residents and businesses fleeing to the suburbs.
Edwards also mentioned the summertime Sundays on State festival, which he said 'really drives business activity down to our commercial corridor.' Other revitalization efforts are happening all around State Street. Just this week, JPMorgan Chase - one of Chicago's larger employers - unveiled plans for a major investment in the Chase Tower. 'I'm a believer that it comes back,' said Vance.
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