Tech Cities 2022: Market Reboot: How tech CRE is adjusting to a turbulent economy

Lease Lengths Comparisons

New Leases – Term (Months)

Renewals – Term (Months)

Change = +15 months

110

80

100

70

90

60

80

50

-7

-7

-9

70

40

-3

-3

Change = - 11 months

-4

60

30

All Leases Non-Tech Big Tech Med/Small Tech

All Leases Non-Tech Big Tech Med/Small Tech

Q4 2017 - Q1 2020

Q2 2020 - Q3 2022

Q4 2017 - Q1 2020

Q2 2020 - Q3 2022

Source: Cushman & Wakefield Research

T E C H C I T I E S 2 0 2 2

6 / C U S H M A N & W A K E F I E L D