Co-working spaces pop up in luxury gyms, suburban outposts as hybrid work becomes the norm
Members use the lounge at BIAN, a private wellness club, at 600 W. Chicago Ave. in River North, on June 5, 2023.
“We’re opening more centers in downtown Chicago, but where they’re really opening is in the suburbs,” Dixon said. “The forced experimentation of COVID sort of proved that not everyone has to be in a centralized location.” At the same time, the Chicago office market remains in a deep, pandemic-driven slump, with companies continuing to shed space as long-term leases come up for renewal, while sublease inventory grows. Office building vacancies were at a record 23.2% across the city and suburbs during the second quarter, according to real estate services company Newmark.
In June, BIAN added a 9,000-square-foot co-working space for its members, a de facto activity that had taken over the club’s lounge, according to Joe Fisher, 53, CEO and co-founder of BIAN. It also offers a sense of community, something many remote workers miss when isolated at their home office.Dr. Robert Citronberg, executive medical director of infectious disease and prevention at Advocate Health Care, follows a hybrid work schedule. When he works remotely, he prefers to work at BIAN.
“It really is this all-in-one place for me to come that honestly gets me away from my physical home that I typically work remotely in,” she said. “It’s a nice way to just get out of that space and see some other friendly faces and feel that we’re kind of in this together.” Wert, 67, who lives in west suburban Riverside, commutes to the club several times a week. The expansion of the co-working space increases the utility of his remote office/gym, where he oversees a dozen businesses that occupy his time since his last employer, Tribune Media, was acquired by Dallas-based Nexstar Media Group for $4.1 billion in 2019.
Inside are conference rooms, corner offices, a copy machine, lunchroom and center lounge with funky workstation pods ostensibly isolated by a few inches of cafeteria-style sneeze guard glass. Dozens of tenants, from attorneys and therapists to day traders and CPAs, filter through the nondescript hallways to more than 90 offices, connected by nothing more than a Regus co-working membership.
WeWork is still a major co-working player with more than 700 locations in 39 countries. The company has nine remaining locations in Chicago after closing 125 Clark St. and 20 W. Kinzie St. over the past year. The most popular WeWork location in the city is at 515 N. State St. in River North, the company said.
The agency has since grown to a 10-person shop with major clients such as Pepsi. They also started a side business to promote Ice Cream Social, with a fleet of three vintage Good Humor trucks plying the streets of Chicago and Detroit during the summer months.
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