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001122334455554433221100

federal government plans significant lease terminations to reduce waste in Illinois

The Department of Government Efficiency, led by Elon Musk, is set to terminate numerous federal office leases across Illinois, aiming to save over $2.4 million annually. This move, part of a broader effort to reduce government waste, includes closures in Chicago, Rockford, and Hoffman Estates, among others. The General Services Administration is reviewing options to optimize federal space utilization, with significant implications for the local real estate market already struggling with high vacancy rates.
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