Dot-com Crash Hurts Real Estate Development Industry

The dot-com crash has hit the real estate industry hard. Real estate deals are going bust.

1 minute read

July 8, 2001, 6:00 AM PDT

"During the boom years of the mid-1990s, scores of tech companies were hiring thousands of employees each quarter, which required them to lease or purchase millions of square feet of space for offices, distribution centers and manufacturing facilities. ... Technology companies' busted building deals are reverberating through commercial real estate markets in regions with a concentration of high-tech companies."

Thanks to Tom Collins

FULL STORY: Tech firms face reality of real estate deals

Wednesday, July 4, 2001 in CNET News

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