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There may be a little holiday hope for the office market. From September through November, office leasing activity rebounded. The activity has accounted for 50% of the total office leasing volume this year, according to data from ZoomInfo. The reason: corporate office expansions.

Corporate users have continued to expand office footprints this year, generating office leasing activity in September, October and November. According to ZoomInfo data, 539 office-using companies have expanded in 2020. Amazon is among the biggest drivers of the growth. This year, the tech giant has expanded its physical office space in six tech hubs, adding 3,500 new jobs to the market.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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