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TikTok Taking Office Space

May 14, 2024
It may be the subject of federal legislation in the U.S. that would force a sale of the company, but in the meantime Tik Tok is taking on more office space, reports Propmodo.

It may be the subject of federal legislation in the U.S. that would force a sale of the company, but in the meantime TikTok is taking on more office space, reports Propmodo.

"While other tech firms shrink their office footprints, TikTok reportedly plans to rapidly grow theirs in the U.S. by hundreds of thousands of square feet. The company is discussing a lease in Nashville for over 100,000 square feet in one of the city’s newest developments in the heart of Music Row...The social media company is close to finalizing a deal that would double its existing space in Bellevue, a Seattle suburb. TikTok will lease about 132,000 square feet at the Lincoln Square North tower, vacated by American-based tech giant Microsoft.”

" In San Jose, California, TikTok is working on a sublease agreement to expand its footprint there too. It currently subleases about 660,000 square feet from Roku and is looking for potentially more than 357,000 square feet of additional space. Elsewhere, TikTok leases office space in New York City, Los Angeles, and San Francisco, according to CoStar.”

While a ban on the company in the U.S.  may be imminent if lawmakers have their way, some experts question the ultimate outcome. 

"Lawmakers and the White House have justified the crackdown on TikTok by claiming the app's link to Beijing makes it a national security threat. But supporters of a ban have not offered direct evidence of the Chinese government ever attempting to obtain data from the company, nor any proof that authorities there have ever influenced content on the platform used by 170 million Americans,” according to an article posted on NPR.org.

In the meantime, all those dance moves are at least good for corporate real estate. 

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David Harrison