Real Estate Can’t Get Enough Of JPMorgan Because JPMorgan Can’t Get Enough Office Space

While some large banks like HSBC are trimming their office footprints, looking for less but better-quality space, one bank seems absolutely insatiable right now. 
U.S. giant JPMorgan Chase is in talks to lease about 150K SF at the 1 Cabot Square office building in Canary Wharf, Bloomberg reported. That is because it is running out of space at 25 Bank Street, its nearby 1.1M SF London headquarters.
The 540K SF 1 Cabot Square is owned by the Qatar Investment Authority and leased to Credit Suisse, but it is currently empty. After a March 2023 deal to acquire its distressed Swiss rival, UBS moved…
Source: Real Estate Can’t Get Enough Of JPMorgan Because JPMorgan Can’t Get Enough Office Space