Chicago - based Sterling Bay 's renovation of two former industrial buildings in the city has not only netted savings of $ 35 m and $ 97.5 m from spends of $ 22 m , but has also prompted businesses to expand the definition of Class - A office space . Features such as modern furniture , non - traditional design and bike rooms have become increasingly important to millennial workers . " If you ’re a developer thinking about a project like this , you better get on the train right now because you could be priced out of the market within five years , ” said robin McDonald , director of market research for innovation at Transwestern .
Chicago-based Sterling Bay's renovation of two former industrial buildings in the city has not only netted sales of $303.6m and $97.5m from spends of $22m, but has also prompted businesses to rethink the definition of Class-A office space. Features such as modern furniture, non-traditional design and bike rooms have become increasingly important to millennial workers. "If you’re a developer thinking about a project like this, you better get on the train right now because you could be priced out of the market within two years,” said Sandy McDonald, director of market research for Chicago at Transwestern.