Despite a dramatic slowdown in new leasing activity in the office sector and WFH becoming widespread, tech companies still accounted for most of the biggest US office leases last year despite holding a smaller share of office leasing than in 2019.

A new report from CBRE shows that tech accounted for 17% of all US office leasing last year by square footage, as opposed to 21% the previous year, but was still down 48% over 2019 levels to 26 million square feet. Office leasing by tech companies totaled 26 million square feet in 2020. Total office leasing in the U.S. declined by 36% year-over-year.

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