Quote:
Originally Posted by Jayfar
I think it had been mentioned here before that the EPA office in Philly is seeking new digs. Apparently they've found the space they were looking for and it's a lot less square footage. PBJ reports that the EPA is leaving 307,847 square feet at 1650 Arch to take 173,007 square feet at Four Penn Center, a 44% reduction.
EPA to leave 1650 Arch St. in Philadelphia - Philadelphia Business Journal |
this is the trend in new leases. Which affects the likelihood of seeing NC office buildings. Companies are using more shared space and technology has reduced the need for filing rooms and cabinets and libraries. I can't think of any recent lease renewal or location change that involved the same or MORE space than the occupant currently has.