The site of Amazon’s second headquarters in Arlington, Va., where the company has halted the start of construction on a second phase.Amazon . com Inc.’s decision to delay buildingis the latest sign that fading demand from technology companies is becoming a problem for the commercial real-estate sector.
Tech giants like Amazon, Alphabet Inc. and Microsoft Corp. for years drove demand for office space, helping prop up building values in cities like New York, San Francisco and Washington, D.C.
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It sure does and probably to other industries as well. So there is trickle down economics then.