CRE

Meta has listed its 113,585 square foot building in Fremont, California for sublease following its massive layoffs last month.

The problem lies in nurturing collaboration and camaraderie, which is why leaders are looking to create an office space that serves as a destination, rather than a requirement.

According to new data from Colliers, office leasing activity fell 7% from October and 50% from November 2021, indicating cooling demand.

The wide gap in occupancy suggests that office footfalls vary depending on region, but one common thread is that the road to recovery has not been a straight line for...

Recently, both Meta and Twitter slashed 13% and 50% of their workforce, respectively, putting into question the need for massive office space and campuses.

To better address gaps in office occupancy, The World Economic Forum’s Future of Real Estate Taskforce on Digital Transformation created a toolkit that aims to improve the occupant experience.

Based on occupancy levels, conventionally leased offices were found to exert three times more carbon emissions than flex spaces.

“The on-demand world, it’s low-risk, it’s easy transactional opportunities for the occupier community.”

During its third-quarter earnings call, Meta said its expenses grew 19% from the same time last year, which included $413 million in losses from some of its leases.

Of respondents who are expected to downsize their office, 67% said that the shift to remote and hybrid work has had a significant impact on this decision.