Friday, May 14, 2021

Bay Area tech companies racked up ~$1B on real estate impairments in the pandemic for their vacated spaces; Dropbox took $416M, Salesforce $216M, Airbnb $149M (Ari Levy/CNBC)

Ari Levy / CNBC:
Bay Area tech companies racked up ~$1B on real estate impairments in the pandemic for their vacated spaces; Dropbox took $416M, Salesforce $216M, Airbnb $149M  —  - The amount of available sublease office space in San Francisco more than tripled during the pandemic, and tech companies are paying the price.



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Sources: amid the Iran war, Asian bankers say rising power prices and energy security are becoming a bigger consideration in data center financing decisions (Bloomberg)

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