More Than Half Of Tech Companies Plan To Dispose Of Real Estate In Coming Months

Technology companies across the country expect to need less office space in the coming years, a sign of falling demand in the commercial real estate market.

Tenant representation firm Savills released a survey Thursday of 250 technology companies that found 82% anticipate needing less office space over the next 12 to 18 months, and 55% plan to dispose of existing space over that time period....
   ...more

RSK: This will be interesting to follow as well. Will less sq. ft. per employee equal slightly more in price per/sf or will more sg. ft. for safety purposes mean less price per/sf? Food for thought.