830 N Michigan

Stretching along Michigan Avenue from the Chicago River to Oak Street, the Magnificent Mile remains one of the globe’s premier shopping districts, flourishing with luxury boutiques, popular eateries, cultural attractions, and historic landmarks that entice millions of annual residents and visitors. Generating approximately $7.9B in consumer spending on The Magnificent Mile from January 2019 to July 2023, this world-renowned retail corridor continues to be a vibrant locale with approximately 445 shops, 285 restaurants, and 65 hotels, drawing up to 140,000 pedestrians during peak periods. The Magnificent Mile and its surrounding district employ 249,100 people across 2.7 square miles and house 67% of downtown Chicago’s hotel rooms—representing 21% of all jobs in Chicago. Ranking in the top tier of global retail destinations, Chicago’s Magnificent Mile maintains its competitive edge against comparable luxury corridors including New York’s Upper 5th Avenue, San Francisco’s Union Square, Washington D.C.’s Georgetown, and Boston’s Newbury Street.