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United Airlines Downsizing Willis Tower Footprint
United Airlines is giving up about 150,000 square feet of its 850,000-square-foot Willis Tower headquarters space, according to the Chicago Tribune. The downsizing, effective next January, makes United the latest downtown Chicago office tenant to shrink its footprint in response to the COVID-19 pandemic.
The airline is one of downtown Chicago’s largest office tenants, and the company less than two years ago extended its lease in EQ Ofice’s 110-story tower until 2033. The lease duration isn’t affected by the space reduction, the Tribune reported.
“Due to the unprecedented impact the COVID-19 pandemic has had on our industry, United continues to find new ways to become more efficient as we continue to navigate through this crisis,” a United spokeswoman said in a statement.
Totaling three full floors, United’s Willis Tower downsizing comes after months of cost-cutting measures during a year where the airline lost $7.1 billion.
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