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The company had been occupying the space under a sublease.

The company also cut its selling, general and administrative expenses, jettisoned "unnecessary systems," and right sized its labor force.

Fitch says that renters could relocate to more affordable suburban and Sunbelt markets as they seek more space.

Global Compute intends to grow through a combination of acquisitions and organic

As technology proliferates, logistics operations will expand into new places, blurring the line between retail and industrial real estate.

Following the pandemic, 64% of companies plan to increase remote work policies and 32% of companies will decrease their office footprint.

The firm has issued a $1 billion social bond to support affordable housing projects as part of an ongoing strategy to address sustainability challenges.

Intermodal transportation, a combination of two or more shipping modes to move freight to a final destination, could prove to be the most efficient and cost-effective solution, says Gensler's Brion Sargent.