In this article, you'll learn:

• The impact of tech sector cutbacks on office space demand and market conditions.
• Decreased tech leasing's effect on property values in major cities.
• Tenant opportunities in a market with increased office availability.

When the office sector was struggling, the tech sector represented a glimmer of hope. Massive expansion demanded appropriate (and premium) office space to satisfy the demand for rapid tech evolution and amenities that would keep top talent happy.
But unfortunately, no industry has been immune to the market downturn of the last few years. Major tech forces have been cutting down on their footprints and personnel to survive the recessionary storm. But, since tech was such a premier player behind the drive for office demands, its pullback has had huge implications on the overall vacancy rates.
Tech office leasing has hit a tailspin, driving property devaluations in major metropolitan hubs like New York, San Francisco, and Los Angeles. But on the upside, commercial tenants have more leverage than ever to find the perfect office space for a highly affordable price.
Learn about the downturn in tech leasing, its influence on the overall office sector, and which cities have been hit the hardest.