Tech remains the leader of US office leasing, even in a pandemic.
A new report from CBRE reveals that technology companies' new leases and renewals for US office space declined by nearly half in the second quarter from a year earlier, roughly in line with the drop in overall office leasing in that span. Despite that decline, tech still claims the largest share of office-leasing activity by industry at 20.5% for the quarter.
GlobeSt.com caught up with Colin Yasukochi, executive director of CBRE's Tech Insights Center, to discuss the slowdown in tech-office leasing and the outlook for more activity ahead.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
