Chicago & Midwest + Downtown + Office | August 1, 2023

JLL to Sublease HQ Office Space at Aon Center

Chicago-based JLL is looking to sublease part of its headquarters space located at Aon Center. The global real estate company began marketing more than 61,000 square feet for sublease this month, according to Crain’s Chicago Business.

The space represents about 30% of JLL’s workspace in the East Loop skyscraper, where its lease runs through May 2032. JLL has been at the 83-story Aon Center since 1996, and the company signed a long-term extension in 2014. With just over 201,000 square feet, JLL is the third-largest tenant at the tower behind Aon, and audit, tax, and advisory service KPMG, reported the outlet.

This is yet another instance of Chicago office space up for rent, at a time when the city’s office vacancy rate in the CBD has reached a record high of 22.6%. The sublease listing comes after the Aon Center’s owner, New York-based 601W, narrowly avoided defaulting on its $678 million debt package tied to the building.

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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.

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