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Tech Sector’s Office Footprint Continues to Shrink

High tech is feeling the pinch of the current economic cycle.

Tech has been a good client of commercial real estate, even during current uncertain times. Take Google as an example: closing on a $2.1 billion deal for St. John’s Terminal in New York in April of this year, leasing 300,000 square feet of office in San Francisco in July, and announcing the deal to buy the Thompson Center in Chicago in August.

Now there’s an example of spreading the wealth.

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Erik Sherman

 

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