CareerBuilder plans to sublet its entire Chicago HQ

Jobs-listings website taps JLL to find new tenant at Onni Group’s 200 N. LaSalle

TRD CHICAGO /
May.May 06, 2020 11:00 AM
CareerBuilder CEO Irina Novoselsky and 200 N. LaSalle (Credit: Google Maps)

CareerBuilder CEO Irina Novoselsky and 200 N. LaSalle (Credit: Google Maps)

One of the leading jobs-listing websites doesn’t have much use for its 85,000-square-foot office in downtown Chicago.

CareerBuilder has tapped JLL to find a company to sublet its primary office at 200 N. LaSalle St. beginning in July, according to Crain’s.

News of its space-shedding plans follows the news that Groupon is trying to unload 150,000 square feet of space at its headquarters at 600 W. Chicago Avenue.

The sublet plans could signal a wave of layoffs at CareerBuilder; its rival ZipRecruiter furloughed and laid off about one-third of its staff in late March.

CarerBuilder downsized its footprint at Onni Group’s tower from about 162,000 square feet after it was bought in 2017 by Apollo Global Management and Ontario Teachers’ Pension fund. The firm renewed its lease at 200 N. Lasalle in 2018, but took about half the space it previously had, Crain’s reported.

Prior to the pandemic, Chicago’s office leasing market was in good shape. In 2019, companies absorbed more space in downtown than any year since 2007.

The rise in availability in the office sublet market will also depress prices for the new product that has recently come online or is expected to hit the market in the next two years. [Crain’s]James Kleimann


Related Articles

arrow_forward_ios
The suburban office market saw a slight rise in second quarter vacancy rate

Suburban office market vacancy rate nudges up

Suburban office market vacancy rate nudges up
Somerset Development President Ralph Zucker and renderings of Bell Works Chicagoland

The suburban office market is making a comeback

The suburban office market is making a comeback
353 N. Clark with Chester Kamin of Jenner & Block (Google Maps)

Actually, you owe us money: Chicago law firm fires back at landlord

Actually, you owe us money: Chicago law firm fires back at landlord
If there’s a 20% drop in users of the downtown office market, Chicago’s character could massively decline (iStock)

The double whammy hitting Chicago’s downtown

The double whammy hitting Chicago’s downtown
Thomas Roszak and 145 S. Wells (Credit: Cgarner123 via Wikipedia and 145 South Wells)

Spec Loop office project developers land White Claw producer as latest tenant

Spec Loop office project developers land White Claw producer as latest tenant
Groupon space at 600 W. Chicago, Groupon interim CEO Aaron Cooper (Credit: Sterling Bay and Groupon)

Groupon looks to sublet huge office space at Sterling Bay-owned building

Groupon looks to sublet huge office space at Sterling Bay-owned building
The Chicago office leasing market was strong in the first quarter of 2020, but the good times appear to be over. (Credit: Unsplash)

In the age of Coronavirus, Chicago real estate’s biggest bright spot fades

In the age of Coronavirus, Chicago real estate’s biggest bright spot fades
Uber CEO Dara Khosrowshahi and the Old Post Office at 433 West Van Buren Street (Credit: Khosrowshahi by Vipin Kumar/Hindustan Times via Getty Images; Google Maps)

Ride canceled: Uber pauses construction at Old Post Office

Ride canceled: Uber pauses construction at Old Post Office
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...