Amazon.com Inc. (Nasdaq: AMZN) won’t renew its office lease at West 8th tower in Seattle’s Denny Triangle neighborhood, the company confirmed to the Business Journal. The lease comes up for renewal in April. The decision isn’t related to the Seattle-based tech giant’s layoff of at least 2,300 local employees , an Amazon spokesperson said. Rather, it’s another sign that remote work is still going strong and leaving tech companies with more space than they need. "This change is a result of the new way our employees work," the spokesperson said. Amazon occupies about 70% of the 539,000-square-foot West 8th tower, where it’s had offices since 2011 . The 28-story building is at 2001 Eighth Ave. About 2,000 employees will be moved to other Amazon office spaces throughout the Puget Sound region — the company also has sizable office spaces in Bellevue and Redmond. Amazon is joining fellow tech giants Microsoft and Meta in jettisoning sizable leases from its real estate portfolio. Microsoft has said it will let go of at least roughly 1.7 million square feet on the Eastside in the next two years, while Meta is getting rid of space in Seattle’s South Lake Union and backing out […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
