It was 2016 when General Electric announced it was moving its global headquarters to a smaller space along the central Boston waterfront, away from the quiet suburbs of Fairfield, Connecticut.
Then McDonald’s in 2018 opened its glitzy, new worldwide headquarters in Chicago’s vibrant Loop neighborhood, moving out of a suburban office park in Oak Brook, Illinois – joining Kraft Heinz, Walgreens and other Fortune 500 businesses in a seismic shift of corporate office space to downtown.
Then McDonald’s in 2018 opened its glitzy, new worldwide headquarters in Chicago’s vibrant Loop neighborhood, moving out of a suburban office park in Oak Brook, Illinois – joining Kraft Heinz, Walgreens and other Fortune 500 businesses in a seismic shift of corporate office space to downtown.
Key Points
...more- “Is office space going the way of retail in five years? That’s what investors are really trying to understand,” said James Farrar, CEO of real estate investment trust City Office REIT.
- After a wave of office deals in downtown districts such as Manhattan, activity looks to be picking up again in the suburbs – at least in the short-term...
RSK: There might be a temporary flock to the suburbs but the allure of bustling downtown and central city will lure many back...plus transportation is geared to flowing to a central hub.
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- - Volume: 8 - WEEK: 23 Date: 6/2/2020 1:29:35 PM -