Chicago Loop Alliance report shows downtown activity increased in June
The office worker occupancy rate was 31% of normal, the report said, keeping pace with the rest of the country. The group expects the office occupancy rate to reach 50% by the end of the summer.
The report also says that at the end of June, pedestrian data saw its biggest week-over-week increase since the start of the pandemic and State Street is expected to reach 1 million impressions of pedestrians per week in July.
Chicago Transit Authority ridership was 45 percent of normal.
And with more foot traffic, there are also more cars. Digital parking bookings measured 110% of 2019 levels, according to the report, while parking garage operations also increased in June.
The report reflects what Chicago Loop Alliance President and CEO Michael Edwards called a downtown rebound.
“Not only are we seeing an increase in all the usual metrics we track, but we’re also seeing an increase in vehicle traffic on the State and Michigan in the Loop, and both O’Hare and Midway airports are reporting on. big improvements in their passenger numbers. Edwards said in a statement. “By anecdote we hear of hoteliers saying that they practically reached capacity over the weekend of July 4, and that pedestrian impressions are on track to hit 1 million per week in July. Data on pedestrians near the Art Institute of Chicago is already showing promise, likely due to their stunning portrait displays of Monet and Obama. And we expect Sundays on the State to have a huge impact on Loop’s business going forward. “