Tech companies held 36 of the 100 biggest office leases in 2021, up from 18 in 2020, per a new CBRE analysis.
CBRE reports that many of last year's largest leases came in big, gateway markets like Manhattan, Washington, DC, and Boston.
Overall, office leasing in the US was up nearly 27% last year, CBRE's Manish Kashyap notes. "The tech industry is the big engine there."
Look for ongoing expansion to give Big Tech the confidence to start making longer-term office leasing decisions.
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