![]() “The poultry producer said Wednesday that it’s bringing together its corporate employees at its global headquarters in Arkansas, resulting in the closure of three offices, including downtown Chicago, Downers Grove, Illinois, and Dakota Dunes in South Dakota. planemaker works to repair relationships with customers, federal regulators and lawmakers.” ![]() “Boeing said on Thursday it will move its headquarters from Chicago to Arlington, Virginia, as the crisis-plagued U.S. A decade ago Caterpillar’s CEO warned state leaders of business losses unless they balanced the budget, controlled workers’ comp costs and cut taxes. “One of the state’s biggest employers is relocating their headquarters to Irving, Texas. These businesses used have major office or storefront in Chicago, but decided to leave for the suburbs or a new state. Whenever a company announces its plans to leave the state, we’ll update the list. Here are all of the businesses leaving Chicago since 2020 (that have publicly declared it). Many companies leaving Chicago cited the tax environment and crime as reasons for their departure.īelow, you’ll be able to track the trend. From 2021 to 2022, overall crime increased 41% in Chicago, according. Illinois and Chicago are going through a pension crisis that has brought on tax hikes (and threats of more). Nearly a quarter of Chicago office space is empty, and for the offices that are in use, people only come in half the time.īut it’s not just the switch to remote work and hybrid work that is causing businesses to leave Chicago. For Chicago’s offices with tenants, occupancy rate stands at 50.7% as of August 2023, according to data from Kastle Systems.The Windy City’s “ office vacancy rate reached a record high of 22.6% last quarter” (Q2 2023), according to The Real Deal with data from CBRE.On top of that, even the occupied buildings aren’t being used. You'll find every public announcement by businesses stating they've moved out of Chicago as well as companies threatening to move.ĭespite lockdowns being lifted over a year ago, Chicago’s office space remains the emptiest on record. Image Credit: In this report, we highlight notable companies leaving Chicago since 2020 and why.
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