Page 3 - Brandon Svec News Today

As companies increasingly relocate to urban centers, sprawling, once-trendy corporate campuses like Sears’ and Kmart’s have been left crumbling in the suburbs.

Long Island malls face mixed pandemic recovery, with some vacancy rates near 35 percent, while others are seeing vacancy rates closer to 5 percent.

How fast will office market recover from pandemic? It could take years, some say   The new headquarters of The Boler Company, foreground, and the vacant former Motorola Solutions building, right, are part of the Veridian Development property along Algonquin Road west of Meacham Road in Schaumburg. The developer remains optimistic about the potential for refurbishing the latter. Paul Valade | Staff Photographer   Office space is advertised for development along with retail, res...