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Economic uncertainty is impacting decisions around space needs, and leasing activity has been increasingly dominated by smaller space commitments since the pandemic.
About 60% of leases signed in 2022 were for less than 15,000 square feet, a share that has increased from 49% prior to the pandemic.
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Businesses may find it very cost-effective to lease office space. However, it costs a lot of money upfront to buy an office. Let’s check out the differences between leasing vs buying office space in more detail, which can help you to decide which option is best for your company.
