Commercial Cafe’s Top 50 Pricey Office Deals of 2021
Last year’s priciest real estate office transaction was the $3.4 billion sale of University Park at MIT in Cambridge, MA – a massive 11-building deal totaling 2.3 million-sf. This transaction broke the previous record held by the 2008 sale of the General Motors Building for $2.8 billion.
Overall, the office space has been hit hard by the COVID-19 pandemic. There is considerable uncertainty surrounding the question of whether or not people will return to the office in the same ways as before the epidemic. Many are deciding on a hybrid solution of office and remote.
Some companies are cutting back on the amount of space they occupy. A good example of this is Motorola, which put its space in Chicago’s Loop downtown on the market for sublease and is moving into a different space in Chicago’s West Loop.
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