New York-based Industrious has leased 46,500 sq ft on Chicago’s Madison Street which will be its biggest location in the city. The company is also planning to open a second Chicago store at 4300 W. Montrose Ave. Novel Co-working is also expanding in the city, recently acquiring a 50,400 sq ft building in River North, its fifth Chicago location. More than 40 co-workspace operators, with a total of 2.2 million sq ft of office space, compete in Chicago. WeWork is the largest with 575,000 sq ft of space, while Industrious and Novel have 185,000 sq ft and 300,000 sq ft respectively.
New York-based Industrious has leased 46,500 sq ft on Chicago’s Madison Street which will be its biggest location in the city. The deal will take the number of locations Industrious operates in Chicago to seven, after the company acquired local co-work company Assemble earlier this year. Novel Co-working is also expanding in the city, recently acquiring a 50,400 sq ft building in River North, its fifth Chicago location. More than 40 co-workspace operators, with a total of 2.2 million sq ft of office space, compete in Chicago. WeWork is the largest with 575,000 sq ft of space, while Industrious and Novel have 185,000 sq ft and 300,000 sq ft respectively.