Usually, office expansion and tech sector growth walk a similar line. When these companies are busy, they need employees and space.
Only, in the tech sector right now, things are a little off the beaten binary path, according to a new report from Moody's Analytics CRE.
"Prior to the pandemic, prominent established tech markets drove national office performance as American tech companies thrived," Moody's noted. "However, as layoffs have engulfed America's tech industry since late last year, the effects of the pandemic took their toll before the AI revolution took off."
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