Newmark Announces New Chicago Office at Landmark Salesforce Tower

August 28, 2025 9:00 AM

Newmark announces the company will relocate its Chicago office to the newly constructed, 57-story Salesforce Tower Chicago at 333 West Wolf Point Plaza. The firm subleased 24,000 square feet on the 22nd floor of the trophy skyscraper overlooking the Chicago River, with move-in slated for early 2026.

“Chicago is one of Newmark’s most strategically important markets and a key driver of our national business,” said Lou Alvarado, Chief Operating Officer. “This lease reflects our commitment to investing in the people, places and markets where we see long-term opportunity.”

The new office suite will provide Newmark’s growing local workforce with flexible workspaces, panoramic views of the city and the river and access to a world-class suite of amenities, including fitness facilities, wellness rooms and lounges with riverfront balconies. With unmatched natural light flooding into the space and events on the private riverwalk space, the property allows Newmark to offer its current and future employees a work experience unlike any other in Chicago.

“We were deliberate in choosing a space that supports the next chapter of our business in Chicago,” said Jesse Van Dyke, Executive Vice President and Regional Market Leader. “Our new office enables deeper collaboration, a stronger culture and the kind of work environment that helps us attract and retain exceptional talent, continuing to drive better outcomes for our clients.”

Chicago is undergoing a wave of workplace transformation, with companies investing in high-quality, amenity-rich offices to attract and retain talent, support hybrid work and elevate employee well-being, according to Newmark’s Workplace Strategy & Human Experience group. From flexible layouts to health-conscious design, these upgrades are driving measurable gains in engagement, productivity and culture.

Completed in 2023, the tower offers 1.2 million square feet of premium office space and serves as a striking addition to the city’s skyline. The building also features dining options both indoors and programmed throughout the year on the riverwalk plaza, a tenant experience app for work order, facial and fitness class information and access to the SQ Collection, a worldwide network of offices, coworking spaces, outdoor terrace event spaces and top-notch amenities across the landlord Hines’s portfolio.

Situated at the confluence of the Chicago River’s three branches, the new office location offers exceptional access to transit, the Riverwalk and surrounding neighborhoods. Tenants benefit from a central position just steps from the Merchandise Mart, with immediate access to a wide variety of dining, retail and hospitality options across River North and the Loop.

Chicago posted the largest occupancy gain of all office markets in the United States in the first quarter of 2025, according to Newmark Research. The market also reported the highest office use of any market in the country in the second quarter, according to Kastle data, pointing to a market where tenants are engaged as construction slows and work patterns stabilize.

About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark’s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform’s global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the twelve months ended June 30, 2025, Newmark generated revenues of over $2.9 billion. As of June 30, 2025, Newmark and its business partners together operated from 165 offices with over 8,400 professionals across four continents. To learn more, visit nmrk.com or follow @newmark.

Discussion of Forward-Looking Statements about Newmark
Statements in this document regarding Newmark that are not historical facts are “forward-looking statements” that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the Company’s business, results, financial position, liquidity, and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark’s Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.