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Home News

WeWork Walks Away From Chicago Locations

Aayat AlibyAayat Ali
August 21, 2020
in News
Reading Time: 1 min read
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WeWork has walked away from its plans to open two new locations in Fulton Market in Chicago, marking the first time the firm has terminated a lease in the city. 

The company purchased two leases that totaled 110,000 square feet on West Fulton Street

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Prior to this decision, WeWork was one of the largest office tenants in Chicago with over 1 million square feet of space across 15 locations, but is now reevaluating its expansion strategy to become profitable under new CEO Sandeep Mathrani.

Although the company never moved into the offices, it is likely that they will have to still pay a portion of the rent while owners search for new tenants.

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Aayat Ali

Aayat Ali

Aayat is an editor for the Daily Digest based in Lexington, Kentucky. She has worked with local coworking spaces since August of 2017 and enjoys taking her firsthand knowledge to write about the fascinating, constantly evolving world of flexible workspaces.

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