Here Technologies and Edelman are looking to free up office space

The 95,000 square feet on the 10th and 11th floors of the building is in addition to more than 44,000 square feet on the 9th floor that Here has been trying to sublet since before the COVID-19 pandemic. The nearly 140,000 square foot office block now listed on the secondary market — about half of the Here space in the building — is now one of the largest sublets available downtown.

In a separate listing alongside, PR firm Edelman is offering 28,000 square feet — nearly a third of its space — at 111 N. Canal St. for sublease just six months after moving into the building, according to a marketing flyer from brokerage firm CBRE. In November, the company moved into its 92,000 square foot, two-story office space in the Gogo Building, a steep reduction from the 170,000 square feet it previously leased at the Aon Center in the East Loop.

The sublease deals highlight the current trend of workspace suppression as many businesses adjust to the rise of remote working. After an initial wave of downtown sublet listings at the start of the pandemic plateaued last year, the return of more in-person work this year has put more businesses looking for leases, prompting more tenants to try to offload space.

As of last week, there were more than 6 million square feet of downtown office space available for sublease, 83% more than at the start of the pandemic, according to CBRE data.

Recent additions include: Illinois-based Blue Cross Blue Shield parent company Health Care Service Corp. is offering two floors at the Aon Center and Motorola Solutions is considering subletting 30% of its headquarters at 500 W. Monroe St. .

Some companies have jumped at the chance to sublet space, taking advantage of low rents and move-in ready offices that take time-consuming and costly builds out of the equation. In a recent deal, marketing software company Braze subleased 50,000 square feet at 1 N. State St. to software maker Showpad.

Here Technologies has tripled the size of its offering by adapting to a “hybrid work policy,” a company spokesperson said in a statement. While many of its Chicago employees in roles such as engineering, sales, and marketing have “spent time meeting face-to-face for that essential connection, collaboration, and creativity…employees have ( also) the ability to do the majority of the work each week from wherever they choose, including home.”

Here, which provides digital mapping tools and other location-based services to businesses, has a lease at the Boeing Building that runs until September 2032, according to the JLL flyer. The building houses the company’s US headquarters and Here has more than 550 employees locally.

Here are the efforts to reduce its space as Boeing plans to vacate part of the more than a dozen floors it occupies in the building. The company said it would reduce its offices in the building to accommodate more employees working remotely, but it did not specify how much space it planned to give away.

The bigger question is whether Boeing will put the property up for sale rather than continuing to serve as the office owner. A company spokesperson did not say whether the building will come to market.

At the nearby Gogo Building, Edelman just kicked off a 15-year lease, but apparently has more space than he needs, at least for now. A CBRE flyer lists the space as available for up to five years, giving the company the option to take it back if it expands or needs more space.

The fully furnished office on the building’s 12th floor includes 63 workstations and access to a rooftop terrace, according to the flyer.

A spokesperson for Edelman did not comment on the offer. Edelman had 537 Chicago-based employees as of October, the company told Crain last fall. The company said at the time that the entire two-story office includes 257 offices and nearly 800 “other seating areas, including collaboration areas, cafes, team rooms, meeting spaces and concentration areas”.

Brad Despot and Annie Nicolau of JLL market the Here Technologies space under sublease. CBRE’s Kyle Kamin and Todd Lippman are marketing the Canal Street space on behalf of Edelman.

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