Retail News

Corporations cut office space as more employees work from home

The Wall Street Journal 03/30/2021

A growing list of major corporations are looking to sublease office space as they find that employees have remained productive while working from their homes. Sublease activity was up 40 percent last year, according to CBRE. Technology companies, which had been driving office space growth in recent years, are now out ahead of subleasing activity, according to Phil Ryan, director of U.S. office research at JLL.

MORE ON THIS STORY...

MORE RETAIL NEWS HEADLINES...

Discussions
Check out RetailWire's Engaging Online Discussions Featuring Our Exclusive Braintrust!