Why Companies are Moving to the City from the Suburbs
Why Companies are Moving to the City from the Suburbs
The suburbs have been a haven for big business for decades. Chicagoland suburbs like Oakbrook, Schaumburg, and Northfield are a handful of locales that in past years exploded with growing businesses.
The Move to the City
However, recent demands for cutting edge technology and the people behind them spur companies to rethink and re-strategize. Businesses that once soaked in the luxury of their suburban locale, with ample parking spaces, quick access to highways, and quiet surroundings, are now moving to the city. The shift in mindset is not restricted to Chicago, but takes shape all across the country.
McDonald’s, Kraft Heinz, and ADM Move to Chicago
McDonald’s corporate headquarters is one example of a transnational company that has shifted from its cozy base in Oakbrook to an exciting nine-story building on Randolph and Carpenter Streets in Chicago. Motorola, based in suburban Schaumburg, as well as Kraft Heinz and ADM, have also made the move to the bustling city of Chicago. Long gone are the days when people moved to where jobs are—these days, companies are shifting to reach a new type of employee.
Why Companies are Moving to the City
The city boasts plenty of lure. City life offers vibrancy, diversity and opportunity. A tax incentive gives companies reason to eye the city landscape. Companies are relocating to the city to gain access to a younger workforce and, as a result, to stay competitive in the new digital playing field.
Work with Millennials and Technology
Cities are teeming with tech-savvy millennials. As computer technology roles are now nearly equivalent to the high-level positions of CEOs, corporate leaders are seeking to fill their top ranks with exceptional talent.
People under 35 and with expertise in IT prefer the slew of opportunities and attractions that cities feature. Tech professionals, like those who build e-commerce tools, prefer the endless choices of dining spots in the city in comparison with the humdrum of a single, suburban corporate cafeteria.
Millennials are also reluctant to buy cars. Rather, top talent favor public transportation abundantly available in cities. In Chicago, Fulton Market is bustling with brand new apartments and the finest restaurants in the city. The Chicago Loop, with its burgeoning business district, is also attractive for Generation Y talent. Suburban companies are taking note of millennials’ tendencies and uprooting their suburban bases in favor of city ones.
Opportunities for Companies
Companies are quick to note that 140,000 college graduates are produced each year by local colleges. When companies post jobs in their downtown hub, their human resources departments are flooded with four to five times more applicants. Despite the congestion, Chicago continues to lure companies and a highly qualified workforce.
Access to Customers
Technology is making giant leaps and giving customers the ability to make purchases with their smartphones. Companies want to win the new generation of customers that are using technology to buy products. Businesses also are aware that customers are increasingly avoiding the long trek to the outlying suburbs to shop.
Access to Digital Operations
Businesses thrive with instant access to the digital hubs of other companies. McDonald’s, for instance, shifted its digital operations to Chicago to be near the digital bases of Yelp and eBay.
Rather than meander in the remote suburban office park, young professionals seek to easily mingle with similar creatives. Companies with hubs in the city offer innumerable opportunities for invaluable interaction with like-minded professionals, allowing creativity to flourish far more readily.
Access to Airports
Being in major cities, many companies have access to airports, which is an advantage for businesses with international clients, interstate customers, or overseas locations. Executives can be at the airport terminal in under 20 minutes.
Downsize to Save Costs
Companies are rejecting the open spaces of suburban locations. Rather, businesses in recent years have elected to downsize, making doing business from the city an optimal choice. Kraft Heinz, once based in suburban Northfield and employing 2,200 people, now has its headquarters in Chicago.
With cost-cutting efforts, Kraft now has 1,500 employees working in downtown Chicago. Motorola retains 1,600 employees in its suburban Schaumburg space, while 1,100 workers operate from its downtown Chicago location.
By eliminating the isolation plaguing suburbs, corporate campuses create an open atmosphere. Brand recognition is developed by and associated with where businesses are located. Technology companies are opting out of the tree-lined ponds of the suburbs and choosing the buzz and exhilarating activity that city environments offer.
Ability to Work Remotely
Telecommuting and collaborative work environments have offered employers the chance to reduce the office space required per employee. Three decades ago, each office worker required 200 square feet of office space. Now, 125 is the standard. The reduction in necessary office space makes operating out of the city, where space is scarce and costly, financially feasible.
Moving Your Business to the City
Tech companies are keen to see the major advantages of moving to the city. When your company is planning to dive into the benefits of recruiting, mingling, and doing business in the city, turn to Chicago’s most renowned corporate mover, Chicago Office Movers. As a moving company dedicated to corporate relocation, Chicago Office Movers will skillfully handle your office move from start to finish.
Work with a Professional Mover
Upon providing a free estimate, Chicago Office Movers will help you with planning and corporate relocation. Once a moving plan tailored to your unique business needs is formalized, the plan will be executed. Our team of licensed and background-checked union movers will carefully pack and unpack office property. Insurance and service contracts are offered for maximum protection. You’ll receive tracking information so you are fully aware of the moving truck’s location at each phase of the move.
No matter what type of business you are relocating, Chicago Office Movers has the experience and qualifications to make the corporate move seamless. Included in the list of goods Chicago Office Movers has professionally moved are science lab equipment, artwork, IT systems, cubicles, electronics and office furniture.
Get a Free Estimate
Chicago Office Movers offers professional experience to ensure your office move happens on time and within budget. Our dedicated team of specialists stand by to answer any questions about your corporate move.
Give us a call at 312-244-2246 or fill out a contact form to receive a free quote!