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Chicago & Midwest  + Downtown  + Office  |  March 13, 2019
Paul Bubny
By: Paul Bubny

ServiceNow Leases 48K SF, Will Ramp Up Chicago Hiring

Currently housed in an Industrious coworking space within the Fulton Market District, Santa Clara, CA-based ServiceNow will move into traditional offices later this year. The company, which established its presence here last spring, has confirmed a Crain’s Chicago Business report that it has leased 48,000 square feet on two floors at McCaffery Interests’ newly-built 1201 W. Lake St. in the district.

ServiceNow plans to ramp up its Chicago-area hiring to fill the new space. Its local team numbers 35 at present, but the company expects to have more than 100 Chicago employees by the end of 2020, Crain’s reported.

One of a number of Silicon Valley firms who have tapped into Chicago’s tech talent and expanded their presence here, ServiceNow is the largest tenant to date at 1201 W. Lake. McCaffery built the 150,000-square-foot property on spec, betting on increased appetite for office space in Fulton Market.

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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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