Meta, Lyft, Salesforce and other tech firms dump office space as they downsize

wsj

4 min read . Updated: 15 Nov 2022, 06:21 PM IST PETER GRANT, The Wall Street Journal

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Retreat is a blow to office market and to many cities, which have relied on sector’s real estate appetite to power growth

The big technology companies that drove U.S. office demand for years as they expanded their empires are now canceling leases and flooding business districts with office space as they downsize.