According to Cushman & Wakefield's 2016 Cool Streets Report, Logan Square is one of the "hottest urban retail markets in North America". Cushman & Wakefield is a national commercial real estate services company. Cushman & Wakefield surveyed real estate brokers, property managers, appraisers, consultants, marketing executives and other commercial real estate experts to compile the data for the 2016 Cool Streets Report. The participants were asked to rank neighborhoods by "cool" factors such as hipness, livability and retail flavor, residential rents / affordability, retail rents and demographics.
Other near northwest side Chicago neighborhoods covered in the 2016 Cool Streets Report by Cushman & Wakefield included Wicker Park, Bucktown / Damen Street, and The Fulton River District.
Logan Square was marked as "Prime Hipness", Wicker Park and Bucktown were deemed "Still Cool" but "Going Mainstream" primarily due to the rising cost of living, while The Fulton River District was labeled "Up and Coming" or "The Next Big Thing".
Condos for sale and homes for sale in Logan Square are selling faster than in any other neighborhood in Chicago. The average number of days that homes for sale and condos for sale in Logan Square stay on the market is 57 days. When comparing that neighborhood statistic to the rest of Chicago at a city average of days 89 days on the market, Logan Square has become one of the hottest neighborhood residential real estate markets in Chicago as well.
The pages from the report that include information on Chicago neighborhoods can be found below. You can also download the full Cool Streets Report by clicking here.