High-rise commercial buildings

Sub Markets

Property Sectors

Topics

Chicago & Midwest CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Chicago & Midwest  + Office  | 
The City of Chicago's newly released The newly released Energy Benchmarking Report revealed a 25% reduction in carbon emissions by properties greater than 50,000 square feet

United Airlines Eyes Other Headquarters Options

Four-and-a-half years ahead of its lease expiration option at Willis Tower, United Airlines has been talking with developers behind some of the city’s largest proposed office projects, Crain’s Chicago Business reported. The discussions are said to be preliminary, and it’s not clear whether the airline seriously intends to depart the 850,000-plus square feet it occupies at Chicago’s tallest tower.

However, the fact that the airline is reportedly considering its options is a testament to the widening array of options available for large corporate tenants downtown. The new projects on the drawing boards in the Fulton Market District and other locations—not all in the Loop—will offer more choices to tenants looking for cutting-edge workspaces, Crain’s reported.

United would have to decide at least two years in advance of its lease expiration option in March 2023. Crain’s reported that industry watchers will be keeping an eye on the airline’s moves.


Get Chicago News in 150 Words

For comments, questions or concerns, please contact Paul Bubny

Connect

Inside The Story

Read more at Chicago Business

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Lease