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CityLab Daily: When Small Businesses Own Their Real Estate

In cities where commercial lease prices are escalating, some small business owners are ready to buy their office instead. 

In cities where commercial lease prices are escalating, some small business owners are ready to buy their office instead. 

Photographer: Westend

Welcome to the Thursday edition of the CityLab newsletter, focused on the changing nature of work — and the repercussions for the places and spaces we inhabit. Send your feedback and ideas to sholder6@bloomberg.net.

As some employers shed office square footage amid an increase in remote work, a handful of smaller businesses are going in the other direction. Spooked by high rents in hot markets, companies that have fixed staff and a long-term plan are starting to buy their office space, rather than sign a lease.