Publicis Groupe Creates Downtown Chicago’s Largest Block of Sublease Space
Media conglomerate Publicis Groupe has put 350,000 square feet of its 35 W. Wacker Dr. offices up for sublease, reported Crain’s Chicago Business. The offering becomes the city’s largest block of available office space on the secondary market, shattering the record previously held by Groupon’s nearly 291,000-square-foot sublease listing at 600 W. Chicago Ave.
Including the Publicis listing, there are now almost 7.3 million square feet of office space available for sublease downtown, eclipsing the roughly 3.3 million square feet in the market when the COVID-19 pandemic began, according to recent CBRE data.
Paris-based Publicis said in a statement that the sublease listing “is a normal course of business aligned with our future of work planning, rooted in purposeful time together in the office, with flexible models that benefit both talent and our business.”
Cushman & Wakefield vice chairman Steve Schneider is marketing the space on behalf of Publicis Groupe
