#office-space-demand

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Yahoo Finance
1 month ago
Business intelligence

Amazon Deals Another Blow to Already Beaten Down Office Market, Breaking Leases to Cut $1.3 Billion in Expenses

Amazon plans to reduce office vacancies by ending leases early and downsizing, aiming to save $1.3 billion.
The Covid-19 pandemic has significantly impacted the commercial real estate market, leading to high vacancy rates and reduced demand for office space. [ more ]
Commercial Observer
2 months ago
Artificial intelligence

AI Startup Captions Growing to 15K SF in 71 Fifth Avenue Move

AI startup Captions signed a 3-year lease for 15,202 sqft at $85/sqft in Union Square, doubling its office space.
AI firms like Captions are driving demand in office markets, contributing 1.7 million sqft of new demand in January. [ more ]
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