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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


Inside The Story

Cushman & Wakefield's Schneider

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-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 15-20 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 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).