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Citigroup Adds to High Office Vacancy Rates in Chicago

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What’s going on: Citigroup is greatly reducing its Chicago office space, opting to relocate from a 146,000-square-foot property in Elk Grove Village to a 49,400-square-foot space at the Schaumburg Corporate Center, according to The Real Deal.

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Convene Cuts Dozens Of Jobs, Closes Chicago Location

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The company has also closed its 50,000 square foot location in Chicago Citadel Center, indicating that these layoffs may be larger than originally reported. . The post Convene Cuts Dozens Of Jobs, Closes Chicago Location appeared first on Allwork.Space. and London. .

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IWG Moves into the Chicago Suburbs

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IWG is making a significant investment in the Chicago metro area, despite the city’s commercial office challenges. According to a report published by The Real Deal , the flexible workspace provider is adding 21 new locations in Illinois, with a particular focus on Chicago’s suburbs.

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Hera Hubs Teams Up With Expansive For Chicago Growth

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Female-oriented coworking operator Hera Hub will expand into Chicago through a partnership with Expansive Workspace. . Chicago is a dynamic city with so many smart and talented leaders, we are excited to be a part of this ecosystem. The post Hera Hubs Teams Up With Expansive For Chicago Growth appeared first on Allwork.Space.

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Flexible Workspace Provider, Workbox, Opens First Location Outside Chicago

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The company is set to open its fifth location, and its first outside Chicago, in Minneapolis next month. . The post Flexible Workspace Provider, Workbox, Opens First Location Outside Chicago appeared first on Allwork.Space. Workbox, a flexible office operator for early and growth stage companies, is on the expansion trail.

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WeWork Restores Green Street Chicago Lease After Initially Scrapping It

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Now, the company has committed to its second new Chicago location this year, taking up 93,500 square feet in one of the city’s most bustling commercial real estate markets. The new space marks WeWork’s 11th location in Chicago.? . Chicago is continually embracing flexibility, and we’re excited to continue to grow here.” .

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Chicago Suburbs Are Making Way for Coworking Spaces

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What’s going on: The remote-work era, which has led to high vacancies in traditional office spaces , is triggering a proliferation of coworking spaces into the retail markets and suburbs of Chicago, according to The Real Deal. The trend in Chicago is reflective of the rise of hybrid work arrangements.

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