US tech companies renew push to own their office real estate

Global tech companies` interest in expanding their national office footprints appears to have turned a post-pandemic corner.

From Silicon Valley to New York, some of the biggest names in the industry have renewed a push to operate as their own landlords as opposed to leasing space in buildings, closing some of the largest purchases so far since the pandemic and adding to the rebounding momentum for the United States office market.

Companies such as Apple, LinkedIn, Amazon and San Francisco-based financial technology firm LendingClub have in recent months collectively closed roughly $1 billion in deals, often taking advantage of the stressed office market by scooping up properties that otherwise may have been out of their financial reach...

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RSK: Tech companies are going the same way as office users...owning their real estate instead of leasing