It’s not just tech firms. Corporate America is looking to trim office space as companies shift to remote work and look to reduce costs. An analysis of quarterly earnings calls by Reuters found that more than 25 large companies across different sectors are planning to downsize their office footprint, posing a threat to office landlords’ bottom lines. Ronald Philip O’Hanley, CEO of financial services company State Street, said on his company’s earnings call last week
source https://therealdeal.com/2020/07/23/office-landlords-beware-more-of-corporate-america-is-looking-to-reduce-space/
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