, 1874-05-10
Nov Dwellings and Stores In the
City and Suburbs.
rhe Wabash Avenue Horse Rail-
way.
RENTS.

Ths Kew Observation-Disclosures
RENTS.
eo rnch has been said about the number OF
,,o.cnpied stores in Chicago that it is worth
.-,;1e n eiYs tho facts. As has been before
..,,,red in these columns, when the business
5;strct WAS rebuilt it Tns greatly extended.
"a are tauuted with single, occasional unoccu-
ned Stores Ne can point to blocks OF occupied
stores where before stood shabby rows OF
tt.nties, The stores On Wabash avenue that arc
xz.aot a.c those which were built hastily and
,onchl7 for occupation while the business dis
tr;ct was being rebuilt. Il they we're still in
rse and the business district WAS completely
6lted it would be the most marvellous growth
=. ancient or modern times. The fact is, that
when the u1en OF Chicago built after the f1e.
thev bull. not only for their present use but for
the growth OF years to como. This vas but an-
otbez Instance of the foresight and business
sh,,,y thst has made this term what it is. There
.re numbers Of Offices and business lofts vacant,
Int the men for whom they were built are on
tse road. and will arrive within two years. In
.eryievs with men Like Potter Palmer, J. c.
Dc1e, William II. Derby, Perkins Bass, and
others. ine1trcab1y interested in the prosperity
OF Chicago, show that they agree in the e1pecta-
ton that in two yeas all the store and Office
roam will be in demand If their expectation is
realized, as it doubtless will be, neither New
York nor any other city in the country will have
euch record Of growth to display.
To give an idea of the real proportion OF un-
reatcd stores, two streets were selected by THE
TE1DuSE reporter, representing the best and the
poorest business property in the citT,-nadlson
a.,eet, which now has more stores than Ran
delphi and Madison formerly had, and Wabash
ayenue, from Van Daren street to the river.
On 3iad1aon street, out OF 255 stores, II are
for rent, aud those aro at the east and west e1-
tre-ut;es OF the street, the stores in the centre
being all rented. Oa Wabash avenue, out of $50
stores, 1G arc vacant and for rent
III other streets, as in Lake, there gre some un-
occupied stores. Tho Dlckey Block, corner of
Dearborn and Lake, is vacant. Still. to show
the cou:ioeuco IN the future which exists, thero
aro stores building IN different parts OF the busi-
ness quarter. Mr. T. H. Hadduck ID building
TWO stores on the coruer OF N WABASH avenue ana
Monroe street, to cost S80,000. Mr. Scorile is
building store on Madison street, east Of
Franklin. to cost $4,000. On South Water
gtre.t thero is not an empty store.
The present aspect of tho renting business Is
peculiar to this year. As usual thing, the first
tay OF May sees every one On the way TO rneir
neT p1eulisep. Lut contrary to au former Gus
ton, tho dc nand still holds on to the present
time, somewhat aba:ed, Perhaps but dtin strong
cnoa.h to dieclose tue fact that the practice OF
fixing On the 1st of May as a necessary. period
for tile completion Of leases has been, IN a large
1ncasu.e. abandoned. There Is also apparent on
The pa1t OF lnqaircrs for houses hrm deter
n:naton to get 9 reduction IN rates. This,
lnocyef. is generally accorded without disputs
b. landlords Tho scarcity of houses IVES for
the D:st TWO wears q sufficient reason for high
a.es Crd tho fac. thilt the city is rebuilt in all
rrr.iculs,y is sufficient reason why they should
return 70 tee former tariff Of prices. Among the
leases signed during the week was that Of the
J Sand. House situated on Fifth avenue. This
Hotel has beea takcn bT Z. A. Gay, who former
II kco: tAe Ssanwi1 Hall, at Albany, and latterly
hotel for transient guests.
Ono Of tho heaviest house agents on the
No! til SIDE reports all the dwelling houses on
lis Lis. rented. The demand for stores has not
been IS good. and MUNGER on Clark street a1e
stll! without tenants.
Rents havo followed very much the same
course in New York RS in Chicago. Tho New
YoEk Times ssys that the season has. II any
both cities there are to-day on the agents cnta,
losreE, larger numoer OF houses unoccupleu
aa Las a oesn ~ eo ~ go, sa,to, 1sts ~
fron Gft7 to loo houses which a, 8 standing ten
ant.ess. In one instance. that OF welI-known
A-ooityn real estate agent, pecnnat 1act "es
aeSeloped, Tor, While no haa actually let more
srce he bnd hceT, IN The h1,sness he had also
pa hcnd list OF threo times al mauy houses still
uatenanted as he had ever before had remaining
= = thls season. Inc logic OF tn1s was cet.Muly
w a. 49,. ,a,,snc; -, rst f,n;, th99
~ anu h ,r;,,,