Effects of the Pandemic on Office Space

Rob Gasca • December 17, 2021

Boeing has recently sold more properties, further reducing their office space.


Boeing has been selling different properties over the last year. The latest of their sales goes to San Diego based multi-family real estate company, AAA Management. The total amount of office space sold is 334,000 square feet in this transaction. “Boeing has taken a number of steps to implement virtual work opportunities and position leaders and teams as close as possible to our day-to-day work in our factories and delivery centers," Boeing said in a statement. "With reduced office space needs, Boeing has sold two Renton office buildings, formerly the 10-13 and 10-16 buildings." 

With the ongoing Covid-19 pandemic and most recent turn of events of the new variant, Omircon, big businesses like Boeing and Apple are still encouraging work from home situations, with Apple now delaying their return-to-office indefinitely. Due to these changes, we will see how this effects the office market leading into 2022.

Read more at https://www.bizjournals.com/seattle/news/2021/12/14/boeing-sells-two-large-parcels-in-renton.html
Source: Puget Sound Business Journal
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