- December 21, 2021
- Posted by: Stratford Team
- Category: Business
New York-based Braze is slated to move in early 2022 to the 10th floor of the 16-story building from a small co-working office at the Civic Opera building. The spokeswoman did not immediately provide specifics on hiring plans or Braze’s current headcount in the city, but the size of the office could easily accommodate more than 200 employees. The headquarters is not moving to Chicago.
Braze has signed on for the remainder of Showpad’s lease term in the space, which runs through the first quarter of 2028, according to a source familiar with the agreement.
The deal is a mixed blessing for downtown office landlords grappling with record high vacancy and eroding demand as the rise of remote work pushes many companies to rethink their office needs. Braze’s new long-term commitment to physical office space takes a big block of available space out of the downtown inventory and also demonstrates the value that companies continue to place on providing a…
