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Originally Posted by ardecila
Chase is currently sinking money into their existing tower - replacing all the landscaping around Exelon Plaza, rebuilding the tunnel to 20 S Clark at huge expense, etc. Strange behavior if they're planning to leave.
But let's assume they do leave. Why would they go to an emerging area like Fulton Market or Lincoln Yards when the financial sector is still so concentrated in the Loop? If NYC is any guide, you could see a large back-office operation in those areas, like Citicorp in Long Island City or Goldman Sachs in Jersey City. But the upper levels will want to remain in the Loop for their proximity to the exchanges, law firms, government, etc.
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My guess for Fulton Market would be for something like tech and tech product roles, which have expanded a lot for the company in Chicago. I would expect the prestige parts to stay in The Loop no matter what. There used to be many tech workers foerJPMC in another building closer to OPO for the record until they mostly moved to Chase Tower.