Amazon’s Office Downsizing Plan Threatens Already Struggling Commercial Real Estate Markets
Allwork
MARCH 29, 2024
An internal Amazon memo has unveiled a comprehensive plan to save $1.3 For example, in Pittsburgh, nearly 50% of the office spaces downtown could be sitting empty by 2028 unless some urgent intervention is taken. Many cities have been grappling with the effects of increased remote work, high interest, and overbuilding.
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