The struggle is real ‘estate’ for tech companies at all stages; early and mid-stage firms are signing 1–2-year leases, while Meta’s lease termination at 225 Park Ave South is another sign of the pullback in Big Tech occupancy. Newly built plug and play sublet options continue to flood the market as higher-end options are absorbed at a more rapid rate given the flight to quality.

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Savills Pulse & Perspectives: Workplace
Tech companies fall into one of two categories: those that are creating workplaces for a desired future state, or those designing environments to accommodate current behaviors. While these are different approaches, they both reflect the tech industry’s penchant for letting individual company cultures guide workplace strategy versus adopting a cookie cutter approach sector-wide.”

- Johanna Rodriguez
Senior Managing Director, Occupant Experience

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