A new study shows that startups are expected to lease about 29 million square feet between 2022 to 2024, a 1.3 times increase from the 2019-2021 period
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The demand for office spaces took a severe hit post the coronavirus pandemic in March 2020. The increased trend of working from home prompted office space occupiers, especially in Grade A properties, to delay renewals of lease agreements, thus weighing on rentals.
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