Quote:
Originally Posted by 1487
its also not wise to presume they are looking for 400k sf. One thing we know, almost all major tenants are downsizing when they move or sign new leases. Between open office floorplans, telecommuting, less file space, etc. these companies are squeezing the same # of folks into smaller footprints to save money. GSK reduced their space dramatically when they moved to Navy Yard.
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Agreed, for example my wife's law firm has expanded dramatically. Instead of leasing more space or looking for a move they have a schedule to allow employees to work from home and come into office as needed. It's a win-win.