Financial Services Client: Workplace of the Future
Introduction
A financial services firm aimed to modernize its real estate portfolio through a "Workplace of the Future" initiative, initially conceptualized pre-COVID. Their existing 21,651 sq ft office in Schaumburg, IL no longer aligned with their vision and incurred annual costs exceeding $690,000.
Challenge
Our client needed to reimagine their real estate strategy considering successful Work From Home policies, reduce footprint and costs while maintaining productivity, create a flexible workplace adhering to social distancing protocols, and accommodate their current headcount of 59 with a 15% growth factor.
Solution
Vestian developed a comprehensive strategy to meet our client's needs. We conducted interviews with department leads to understand their requirements, recommended consolidating to 6,259 square feet to optimize efficiency, and leveraged tenant-friendly market conditions resulting from COVID-19. Our team toured 13 options across three Chicagoland submarkets, negotiated flexible terms aligned with business objectives, and secured a new space in Schaumburg with a turnkey buildout supporting upgraded branding. Our client moved into their newly-built-out space in June 2021, achieving significant cost savings and improved workplace design while maintaining their preferred location.
