The recent deals demonstrate how perceptions of those buildings and others with ultrawide floor plates, such as the Merchandise Mart and the former Apparel Center next door, have evolved. Long considered inefficient albatrosses, with too many large columns and not enough natural light, the buildings today are coveted by employers such as technology and creative firms.
Wide floors allow firms to have hundreds, or even thousands, of employees together on one floor. Open layouts and abundant meeting areas are designed to promote collaboration.
As a result, seven of the 17 largest new office leases in downtown Chicago since 2012 have been in buildings with floors of at least 50,000 square feet, according to a study by Chicago office leasing broker Matt Ward of Newmark Knight Frank. Those deals of 200,000 square feet or more include relocations or large-scale expansions within a building.
“This thinking of different floor, different planet is finding its way into every boardroom,” Ward said. “The idea of us getting out of our offices and being together is seen as a necessity in today’s business.”
The trend continues toward open floor plans where employees can interact and discuss ideas beyond their immediate isolated tasks, both theoretically leading to an outpouring of creativity and cross-pollination. This evolution of office design is chronicled well in Cubed.
At the same time, I have read about enough feedback from workers in response to these open plans to know that this is not universally beloved. The open plans limit privacy and inhibit focus. Some of the organizations that went to radically open plans later had to scale back to once again provide some more private spaces.
It would be worth going back to some of these wide structures in a few years to see how firms have organized the large spaces differently.