Publicis Groupe has put 350,000 square feet of its downtown Chicago offices up for sublease.
The media holding company formally hit the market this week with its 14-floor listing at 35 W. Wacker Drive, according to a marketing flyer from brokerage Cushman & Wakefield. The offering becomes the city's largest block of available office space on the secondary market, shattering the mark previously held by Groupon's nearly 291,000-square-foot sublease listing at 600 W. Chicago Ave.
Publicis—whose brands include Leo Burnett Worldwide, Digitas and several other advertising, marketing and market research firms located with the building—said in a statement that the sublease listing “is a normal course of business aligned with our future of work planning, rooted in purposeful time together in the office, with flexible models that benefit both talent and our business.”
Last week Publicis that its net revenue rose by 20% year over year in 2022, its second consecutive year of double-digit growth.