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Amazon Web Services Reducing Korean Office Space, Seeking Appraisal of Six Floors in Centerfield Building

2024. 05. 29 · Byungki Koh
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Providing Up-to-date news and contents of Korean commercial real estate market including investment, REITs and market players.

    Over the past few years, tech companies have had great momentum in the American office market thanks to rapid growth, which has created jobs and made an impact on office demand. Even during the pandemic years when work-from-home became the norm, tech companies still experienced growth and expanded their offices. A prime example of this is Amazon. In August 2020 in the earlier days of the pandemic, Amazon announced that it would expand office space by 900,000 square feet (about 83,600 square meters) in six US cities — New York, Phoenix, San Diego, Denver, Detroit, and Dallas — within the next two years and create 3,500 jobs. Amazon […]

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