Allstate To Sell HQ As Most Workers Telecommute

Crain’s Chicago Business reports:

Allstate Corp. plans to sell its headquarters building, marking the U.S. finance industry’s firmest endorsement yet of the desire to offer hybrid work after the pandemic.

With many employees choosing to work remotely, the insurance giant will sell its offices in Northbrook, according to an emailed statement Friday. The complex in a Chicago suburb has several buildings that total 1.9 million square feet on a 186-acres, Allstate has said in regulatory filings.

“Allstate’s employees have more choice about where they work and many are choosing to work from home,” said Tammy Kotula, a spokeswoman for Allstate. “As a result, we will sell our office in Northbrook but plan to keep a significant presence in the Chicago area.”

Read the full article. Around 95% of Allstate’s Northbrook employees are presently working from home.