401 N Michigan Ave

Located in the heart of Chicago’s Streeterville Neighborhood, North Michigan Avenue is more famously known by its other name, the Magnificent Mile, due to its densely packed row of luxury retailers and gourmet restaurants. North Michigan Avenue is also home to some of the city’s most popular tourist attractions, including Navy Pier, which receives over 9 million visitors every year. The area also boasts some of Chicago’s most iconic architecture, including the 100-story John Hancock Center, which boasts sweeping views of the city and Lake Michigan.

Numerous nationally ranked hospitals maintain significant presences throughout North Michigan Avenue, including the University of Chicago Medical Center and Northwestern Medical Hospital. The aforementioned hospitals contribute to the over 1 million square feet of medical office space within North Michigan’s office corridor. Demand continues to grow for medical office space, as evidenced by the recent completion of Simpson Querrey Biomedical Research Center. The biomedical facility is a state-of-the-art research and education hub situated at the core of Northwestern's medical district. The building stands adjacent to Northwestern Memorial Hospital, the Lurie Children's Hospital, and the Rehabilitation Institute of Chicago and features laboratory support for over 550 principal investigators and over 3,300 graduate students.

The area's density of retail and restaurant offerings, as well as its excellent visibility continue to be attractive to many office-using tenants, and co-working firms such as WeWork and Rent24 have leased space here. This vibrant corridor is also popular amongst media and advertising agencies, including Dentsu Aegis Network, which recently doubled its footprint, taking advantage of the submarket’s vast talent pool of highly educated professionals. As one of Chicago’s premier tourist and office-using destinations, this corridor is expected to remain a bustling corridor for office and retail tenants.