Tenant rep brokers say that widening gap isn't enough to reverse or stop a suburban-to-urban trend alone, as real estate expenses pale in comparison to labor costs. But with the suburban millennial population expected to grow during the next decade and the rise of telecommuting and co-working allowing more workplace flexibility, the calculus companies are using to decide where they want to call home is changing.
This is not surprising at all. I’ve traveled between two offices in the suburbs and downtown for 15 years now. I used to prefer downtown but now I prefer the suburban office. Just getting in and out and around of the loop is a total nightmare. I had the pleasure of taking a michigan ave bus two miles today in the mid-afternoon (1 mile each direction) and the entire trip took nearly an hour. The errand itself took 10 minutes but waiting for and riding the buses took 50 minutes. I would have just walked it faster but it was… Read more »
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
This is not surprising at all. I’ve traveled between two offices in the suburbs and downtown for 15 years now. I used to prefer downtown but now I prefer the suburban office. Just getting in and out and around of the loop is a total nightmare. I had the pleasure of taking a michigan ave bus two miles today in the mid-afternoon (1 mile each direction) and the entire trip took nearly an hour. The errand itself took 10 minutes but waiting for and riding the buses took 50 minutes. I would have just walked it faster but it was… Read more »