'The West Coast is lagging from a return to office perspective.'
The subsidiary of Zillow previously occupied nearly one-third of the space at 535 Mission St., a 27-story high-rise that wasin 2014 and leased by Boston Properties. Now, Trulia has reduced its footprint, preserving just two of the six floors it operated out of following the expiration of its lease last year. Boston Properties President Douglas Linde confirmed the company was trimming its space during a fourth-quarter earnings call with investors on Wednesday, per the Business Times.
SFGATE reached out to a Trulia spokesperson for more information but did not hear back by time of publication. During the call, Boston Properties CEO Owen Thomas seemed to suggest a major shift to remote work had impacted the decision. “The West Coast is lagging from a return to office perspective and also from a leasing perspective, which is driven by the fact that there’s a much higher percentage of technology users in those markets and those users are not using their office to the same extent that other industries are,” Thomas said. “And so far, they’ve led other industries in terms of layoffs, which impacts space use.”
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Chinese balloon: US shoots down balloon off SC coast; Navy, Coast Guard will lead recoveryBREAKING: The U.S. has shot down the suspected Chinese spy balloon over the Atlantic ocean.
Consulte Mais informação »
Girl killed in shark attack on Australia’s west coastPolice believe the victim was with friends and jumped off a jet ski to swim with a pod of dolphins in the river when the shark attack occurred.
Consulte Mais informação »
An unusually high number of whales are washing up on U.S. beachesResearchers are trying to figure out a mystery: Why are so many humpback whales, right whales, and other large mammals dying along the U.S. East Coast? One possible explanation is a shift in food habits.
Consulte Mais informação »
Coast Guard trainee in first-ever rescue saves man trapped in capsized boat in Columbia RiverThe Coast Guard saved a man from a near death experience on the Columbia River Friday.
Consulte Mais informação »
Coast Guard makes dramatic rescue as wave rolls yachtA newly minted Coast Guard rescue swimmer saved a man's life at the mouth of the Columbia River between Oregon and Washington state just after a giant wave rolled the yacht he was piloting and threw him into the surf
Consulte Mais informação »