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Chicago & Midwest  + Office  |  May 2, 2018
Paul Bubny
By: Paul Bubny

German Coworking Firm Makes US Debut in Chicago

German coworking firm Rent24 recently opened a 15,000-square-foot space in a loft office building at Chicago’s 444 N. Wabash Ave., its first in the U.S. A follow-up space at 500 N. Michigan Ave. (pictured), just announced, could include up to 100,000 square feet of coworking space.

The first few floors of Rent24’s 500 N. Michigan space are expected to open by late summer, with remaining construction expected for completion by year’s end. The firm plans as many as eight Rent24 locations in Chicago by the end of 2019.

“The start-up scene in Chicago is booming,” Robert Bukvic, Rent24’s founder and CEO, said last month. “There is a lot of creativity here in a relatively small area; therefore, for us, Chicago is the ideal starting point on the American market.”

The company is entering a competitive Chicago market that already encompasses 2.6 million square feet of coworking space, according to NKF data.


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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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