Four years after the pandemic began, Chicago is still grappling with a significant shortage of workers, particularly in its downtown area. The vacancy rate has climbed to a record 22.5%, influenced by ongoing concerns about crime and a continuous population decline over the past three years. The recent announcement by China’s Cofco International to leave the city underscores these challenges.
In response, Chicago is banking on the summer season to draw more people back to the city. Unlike the traditional return-to-office campaigns, the city is promoting co-working spaces at iconic locations like Navy Pier, the Museum of Contemporary Art, and the Chicago Cultural Center. This initiative, called “Work from Summertime Chi,” is spearheaded by groups such as World Business Chicago and billionaire Penny Pritzker’s nonprofit P33. The goal is to generate $10 million in economic impact and encourage a long-term revival of the downtown area by showcasing its attractions to remote workers.
Chicago is leveraging its beloved summer season to entice residents and visitors alike. With the city's winter cold giving way to warm weather, many locals head to the lakefront for recreational activities after work. Data from security firm Kastle Systems indicates that office attendance increases during warmer months. The initiative also aims to attract workers from other regions, particularly those from the coasts and warmer southern cities, by highlighting Chicago’s favorable summer climate. The focus is on tech employees, a group that has shown reluctance to return, often due to weather preferences.
Despite the optimistic summer plans, Chicago faces ongoing issues. Crime remains a significant concern, driving marquee employers like Citadel, Boeing, and Tyson Foods to leave. Additionally, the abundance of existing coworking spaces in the city presents a challenge in drawing workers to new locations. To overcome this, the city plans to use social media and influencers to promote the new co-working spots, which include attractive venues like Offshore Rooftop with views of Lake Michigan. Increasing downtown activity is also seen as a way to alleviate crime fears, as a bustling area can enhance the sense of safety among residents and workers.
By tapping into the appeal of summer and promoting engaging workspaces, Chicago hopes to reinvigorate its downtown area and address the worker shortage that has persisted since the pandemic.
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