WPP, Charles Schwab look to offload more office space: Two sublease listings are a painful reminder for landlords that some big downtown tenants are still trying to figure out their post-COVID workspace needs in a market where vacancy recently topped...

Two anchor tenants in downtown Chicago are looking to sublease a combined 150,000 square feet of office space, indicating that the trend of shedding office space is continuing to affect landlords. Advertising giant WPP is seeking a taker for 80,000 square feet at 333 N. Green St., while Charles Schwab is looking to sublease 67,000 square feet at 150 S. Wacker Drive. The sublease market has seen a plateau in recent months, with some companies occupying available space and others taking listings off the market. However, the new offerings from WPP and Charles Schwab highlight the uncertainty surrounding office demand in a market where vacancy rates have recently reached a record high. [Extracted from the article]