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.
Read moreOf 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.
Read moreAccording JLL data, completions have grown 11.8 million to 26.5 million square feet for 2022, which is on track to keep up with the pace of 2021’s 50 million square...
Read moreDespite ‘back to office’ requirements, more than one-third of corporate office space is sitting empty, according to new data.
Read moreRaising interest rates is not the greatest tool when it comes to slowing down a labor market, but it is the only tool that the Federal Reserve has. This will...
Read moreInstagram and Facebook parent company Meta has plans to offload some of its office space as it is less needed now due to the uptick in remote and hybrid working.
Read moreEmployers’ return-to-work policies are bringing life to city centers; Boston’s foot traffic is up 30% compared to last year.
Read moreAccording to data from real estate software company VTS, office space demand fell by 23% in August.
Read moreThe city is facing a conundrum: old office towers remain vacant, are too outdated to lure in any new tenants, but are also too new to be fully renovated and...
Read moreThe research titled “A Framework for Considering Office Demand in a Post-pandemic World” finds that there are two likely, but contradictory outcomes when it comes to the future of the...
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