Companies like United Airlines, Morotola Mobility and BP have garnered no shortage of publicity in recent years with their decisions to decamp the suburbs in favor of new digs in downtown Chicago.
But another trend — suburban companies keeping the majority of their employees in the ‘burbs and opening small outposts downtown — has been far more pervasive in recent months.
Crain’s Chicago Business reported today that Northfield-based Kraft Foods is in advanced talks to open a 30,000-SF office at 401 N. Michigan Avenue (pictured above). If the deal materializes, Kraft would join a variety of other suburban-based companies who’ve made similar moves including Walgreen’s, Redbox, Catamaran Corp. and Sears to name a few.
JLL’s Andrea Van Gelder tells Crain’s that a desire by companies to recruit young employees in driving the trend:
“If you’re looking for that specific talent in their 20s, marketing or IT people, it makes sense to be downtown. The number of companies relocating headquarters downtown is very small. Doing satellites: I feel like half of our clients are asking about it.”
To read the full Crain’s story, click here.