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Big Tech to Fill Vacancy in Autoway Tower

2022. 11. 22 · 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.

Big Tech’s Counterattack The influence of big tech companies in the global commercial real estate market over the past few years has been tremendous. Fast-growing tech companies like Google, Amazon, and Meta (formerly Facebook) have had a significant impact on several sectors of the commercial real estate market, including offices and logistics centers. Even the pandemic couldn’t stop the advance of big tech companies. In fact, while the pandemic caused many companies to adopt telecommuting and reduced office space, Google, Amazon, and Meta continued to increase office space. For example, in August 2020, Amazon announced that it would expand office space by 900,000 square feet (about 83,600 square meters) in […]

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