Not really—I guess.
store vacancy rate, based on square footage, is now above 10 percent. While not a historic high, it has doubled in the last 31/2 years ago, Schaumburg's Community Development Director Christopher Huff said.
The bigger problem, say village officials and retailers themselves, is that remaining stores and restaurants are seeing fewer sales.
Schaumburg vacancies haven't reached a historic high, they are at their highest since the early '90s….retail market analyst at McMillan/Doolittle LLP in Chicago, said current store vacancy rates are generally 10 to 15 percent, though "super-regional" malls like Woodfield and areas like downtown Chicago are probably being hit the least.
Click on the following for more details: Daily Herald | Schaumburg's retail experience a barometer for region
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