Wednesday 23 September 2020

Office subleases flood top metro markets as major tenants cut back on space

When R/GA moved its New York headquarters to Brookfield Property Partners’ 5 Manhattan West, some praised the global advertising agency for adopting state-of-the art technologies entirely controlled by apps. The new 173,000-square-foot office was designed to attract the best talent, competing with tech firms such as Twitter and Facebook, Bob Greenberg, the company’s founder, told Forbes in 2016. A few months after Covid-19 hit nearly every industry, however, the Interpublic Group subsidiary was forced to



source https://therealdeal.com/2020/09/23/office-subleases-flood-top-metro-markets-as-major-tenants-cut-back-on-space/

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