Tech Insights: Growing Tech Industry Leads U.S. Office Leasing

Tech Insights: Growing Tech Industry Leads U.S. Office Leasing Rebound February 25, 2022 2 Minute Read After curtailing their expansion during the first year of the pandemic, tech …

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Tech, AI Industries Drive Largest Share Of Office Leasing Activity In …

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Nov 13, 2024 · CBRE's latest Tech-30 report shows that the tech industry boosted its share of U.S. office leasing to 18% in the first three quarters of this year, partly fueled by companies …

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Tech Industry’s Share Of Office Leasing Activity Improved In Q3 2023

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In Q3 2023, the tech industry reclaimed its position as the top sector in office leasing activity after losing its lead in Q1 2022. Tech’s share of office leasing was 16.5% (7.3 million sq. ft.) in Q3 …

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Tech Sector Now Leads U.S. Office Leasing - Connect CRE

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Nov 15, 2024 · The tech industry increased its share of U.S. office leasing activity to 18% in the first three quarters of this year, boosted in part by companies deploying artificial intelligence, …

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Tech Insights: Growing Tech Industry Leads U.S. Office Leasing …

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After curtailing their expansion during the first year of the pandemic, tech companies became more active in 2021, accounting for 21% of total leasing activity, up from 17% in 2020 and …

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New Jersey MarketBeats | US | Cushman & Wakefield

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Jan 13, 2025 · Central New Jersey’s office market showed signs of stabilization in the fourth quarter of 2024, with new leasing activity rising 8.3% from the previous quarter after two …

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Demand For High-Quality Space Drives Office Market Gains - CBRE

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4 days ago · The prime office vacancy rate fell by 10 bps quarter-over-quarter to 15.3%, while the non-prime vacancy rate stayed at 19.2%. Leasing activity totaling 62 million sq. ft. in Q4 was …

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FAQs about Tech Insights: Growing Tech Industry Leads U.S. Office Leasing Coupon?

Why did tech companies lease office space in the third quarter?

T echnology companies’ leasing of office space jumped in the third quarter to its highest level in nearly three years, reflecting the growth of artificial-intelligence firms and job growth in the tech industry. Tech firms leased 9.9 million square feet of U.S. office space during the third quarter. ...

Where do tech companies live in 2021?

Tech companies have been the dominant tenant in West Coast cities such as Seattle and San Francisco. By 2021, these companies came to rival those in the finance industry as Manhattan’s biggest user of office space. That demand continued even during the pandemic but began to wane last year. ...

How did the tech industry perform in 2021?

The tech industry led a rebound in U.S. office-leasing activity in 2021, fueled by increased hiring and demand for tech products and services, according to CBRE’s annual Tech-30 report. Tech companies claimed a 22 percent share of U.S. office-leasing activity in the second and third quarters combined, up from 17 percent for all of 2020. ...

Which AI companies are launching a new office-leasing market?

A growing slice of office-leasing demand is coming from new AI companies like OpenAI and Anthropic that are growing in cities such as San Francisco, New York, Seattle and Boston. AI firms backed by venture-capital firms have leased 6 million square feet in the top six markets since 2019, said Yasukochi. ...

Why are tech companies leasing space in Trophy assets?

“Tech companies are leasing space in trophy assets with high-class amenities to entice their employees to come into the office,” said Clay Vaughn, Senior Vice President and Co-Leader of CBRE’s Tech & Media Practice Group in Dallas. ...

Are AI companies making a big impact on office-leasing demand?

That demand continued even during the pandemic but began to wane last year. A growing slice of office-leasing demand is coming from new AI companies like OpenAI and Anthropic that are growing in cities such as San Francisco, New York, Seattle and Boston. ...