H
ighdive Advertising is defying the trend of shrinking office spaces by expanding into a larger subleased space at Chicago's Merchandise Mart. The agency has secured 26,000 square feet on the 17th floor of Vornado Realty Trust's building, doubling its local footprint and allowing it to exit its current space at 320 West Ohio Street.
Highdive CEO Megan Lally cited the convenience, modern amenities, and collaborative space offered by Seismic's sublease as key factors in their decision. The firm operates a hybrid work model, with employees working in the office every Tuesday and choosing their own schedule for the remainder of the week.
The move comes amid Highdive's unprecedented growth, with its headcount increasing 50% over two years to 122 employees and revenue surging over 700% in five years due to high-profile campaigns. The sublease is part of a series of deals at the Merchandise Mart, following GrubHub's 90,000 square foot sublease in March and Kin Insurance's 20,000 square foot sublease in January.
realestate
Agency Expands Footprint in Chicago's Merchandise Mart Building
Highdive Advertising expands to larger space at Merchandise Mart despite industry trend of shrinking office footprints.
Read More - realestate
realestate
Brown & Riding Names New Real Estate Practice Head
Veteran leader with industry expertise and regional insight
Read More - realestate
realestate
LA's affluent neighborhoods face gentrification threat from investors
Fires may exacerbate LA's affordability crisis, pricing out low-income residents and making the area exclusive to the wealthy.
Read More
realestate
Brown & Riding Names New Real Estate Practice Head
Veteran leader with industry expertise and regional insight