• Marketplace
  • Resources
  • Business Directory
  • Events
  • Advertise
  • Brand Pulse
  • Publish a Press Release
  • Get the Newsletter
  • Contact
  • About Us
The FUTURE OF WORK® since 2003
Allwork.Space
No Result
View All Result
Subscribe
  • More
    • Columnists
      • Dr. Gleb Tsipursky – The Office Whisperer
      • Nirit Cohen – WorkFutures
      • Angela Howard – Culture Expert
      • Drew Jones – Design & Innovation
      • Jonathan Price – CRE & Flex Expert
    • Get the Newsletter
    • Events
    • Advertise With Us
    • Publish a Press Release
    • Brand PulseNew
    • Partner Portal
  • Latest News
  • Business
  • Leadership
  • Work-life
  • Career Growth
  • Tech
  • Design
  • Workforce
  • Coworking
  • CRE
  • Podcast
  • More
    • Columnists
      • Dr. Gleb Tsipursky – The Office Whisperer
      • Nirit Cohen – WorkFutures
      • Angela Howard – Culture Expert
      • Drew Jones – Design & Innovation
      • Jonathan Price – CRE & Flex Expert
    • Get the Newsletter
    • Events
    • Advertise With Us
    • Publish a Press Release
    • Brand PulseNew
    • Partner Portal
  • Latest News
  • Business
  • Leadership
  • Work-life
  • Career Growth
  • Tech
  • Design
  • Workforce
  • Coworking
  • CRE
  • Podcast
No Result
View All Result
Subscribe
Allwork.Space
No Result
View All Result
Advertisements
Envoy - Workplace ROI
Home News

Technology Company Leasing Drops

Aayat AlibyAayat Ali
August 24, 2020
in News
Reading Time: 1 min read
A A
DDI

More stories for you

AI Safety Bill Vetoed, Igniting More Debate Over Workforce Risks

AI Safety Bill Vetoed, Igniting More Debate Over Workforce Risks

8 months ago
Flexible Work Models Still Dominate Tech Industry

Flexible Work Models Still Dominate Tech Industry

8 months ago
White House Hosts Tech Titans To Discuss AI’s Workforce Impacts

White House Hosts Tech Titans To Discuss AI’s Workforce Impacts

8 months ago
Quantum Computing Explained

Quantum Computing Explained: Transforming The Future Of Work At 158 Million Times The Speed

8 months ago

A new report from CBRE has found technology companies stayed the leader in US office leasing and renewals. This news comes as technology office space take up declined by almost half in the second quarter compared to the year earlier.

According to Colin Yasukochi, executive director of CBRE’s Tech Insights Center, to explain why there is a slowdown in office leasing, and what to expect from the future of leasing.

Advertisements
Nexudus - Tech Stack Lovers

“Last quarter’s decline in office leasing by tech companies is directly related to government-ordered shelter-in-place restrictions, business uncertainty, and the additional work-from-home flexibility that many tech companies are allowing their employees during the pandemic,” said Yasukochi. “That has led to the delay of many real estate leasing commitments until there is more clarity on growth prospects and any fundamental changes in how we use office space going forward.”

Yasukochi added that while technology companies have listed much of their space for sublease, other companies in the hospitality, retail, and restaurant industries are doing the same. This has particularly impacted the San Francisco area.

Advertisements
Maximize Flexible Space Revenue

Moving forward, Yasukochi believes that technology office leasing will rise in the third quarter, but recovery in leasing may take up to a year to build back up.

Advertisements
Subscribe to the Future of Work Newsletter
Tags: daily_digestTech
Share5Tweet3Share1
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.

Other Stories Recommended For You

AI Safety Bill Vetoed, Igniting More Debate Over Workforce Risks
News

AI Safety Bill Vetoed, Igniting More Debate Over Workforce Risks

byDominic Catacora
8 months ago

California Governor Gavin Newsom has vetoed Senate Bill 1047, a state proposal aimed at imposing stricter safety regulations on advanced...

Read more
Flexible Work Models Still Dominate Tech Industry

Flexible Work Models Still Dominate Tech Industry

8 months ago
White House Hosts Tech Titans To Discuss AI’s Workforce Impacts

White House Hosts Tech Titans To Discuss AI’s Workforce Impacts

8 months ago
Quantum Computing Explained

Quantum Computing Explained: Transforming The Future Of Work At 158 Million Times The Speed

8 months ago
Advertisements
Envoy - Workplace ROI
Advertisements
Nexudus - Tech Stack Lovers

Unlock your competitive edge in tomorrow's workplace.

Join a community of forward-thinking professionals who get exclusive access to the latest news, trends, and innovations that are shaping the future of work.

©2024 Allwork.Space News Corporation. All Rights Reserved.

Exploring the Future Of Work® since 2003.

Advertise   Newsletters   Privacy Policy   Terms Of Use   About Us   Contact   Submit a Press Release   Brand Pulse   Podcast   Events   

No Result
View All Result
  • Home
  • Latest News
  • Topics
    • Business
    • Leadership
    • Work-life
    • Workforce
    • Career Growth
    • Design
    • Tech
    • Coworking
    • Marketing
    • CRE
  • Podcast
  • Events
  • About Us
  • Solutions
    • Advertise | Media Kit
    • Publish a Press Release
    • Brand Pulse
Subscribe

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00