{"id":1004606160,"date":"2022-10-10T04:05:11","date_gmt":"2022-10-10T12:05:11","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004606160"},"modified":"2022-12-08T22:13:36","modified_gmt":"2022-12-09T06:13:36","slug":"why-big-tech-is-realigning-office-portfolios","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/why-big-tech-is-realigning-office-portfolios\/","title":{"rendered":"Why Big Tech Is Realigning Office Portfolios"},"content":{"rendered":"
\"225<\/a>

225 Park Ave. South<\/p><\/div>\n

Big technology companies like Meta<\/strong> and Amazon<\/strong> are cutting back some of their Class A office space in Manhattan and office leasing experts say it\u2019s not surprising as they and other businesses grapple with growing economic headwinds and changing space needs due to hybrid and work-from-home trends.<\/p>\n

The most recent tech announcement came last week with news that Meta, the parent of Facebook<\/strong> and Instagram<\/strong>, was exercising an early termination clause and giving up 200,000 square feet of space at 225 Park Ave. South. During the summer, Meta said it was halting plans to expand its space at 770 Broadway<\/a> and in Hudson Yards. Also in July, Amazon reportedly decided against further expansion at 5 Manhattan West.<\/p>\n

Meta will still have about 2 million square feet of space in Manhattan, including offices at Hudson Yards<\/a> as well as 730,000 square feet of space it recently moved into the Farley Building,<\/a> a former post office and landmark building redeveloped by Vornado<\/strong>.<\/p>\n

\n

READ ALSO<\/strong>: Return to Office Sentiment Heats Up: BOMA<\/a><\/p>\n

\n

A Meta spokesperson said in prepared remarks the company had always viewed 225 Park Ave. South as a bridge space until its Hudson Yards and Farley offices were ready. She said the company remained committed to New York and was making investments to support its most strategic long-term priorities.<\/p>\n

The news also comes as Meta CEO Mark Zuckerberg said the company will reduce its headcount with a hiring freeze and plans to restructure teams. Other major tech companies including Google<\/strong> parent Alphabet<\/strong>, Microsoft<\/strong> and Apple <\/strong>have said they may slow hiring and possibly have layoffs.<\/p>\n

\"\"<\/a>

Brad Tisdahl, Founder & CEO, Tenant Risk Assessment. Image courtesy of Tenant Risk Assessment<\/p><\/div>\n

Brad Tisdahl, CEO of Tenant Risk Assessment<\/strong>, said the expectation is that in the short term, there will be less need for space for some of the bigger tech occupiers because of the uncertainty in the markets and rising interest rates.<\/p>\n

\u201cThe appetite just won\u2019t be there if the rates keep rising. Even when rates settle in, it might take a little while for some of these companies to reposition themselves for growth,\u201d he said. \u201cBased on what we know today, we would expect that probably there will be a lot cooler demand from tech, which has been a pretty steady consumer of space, certainly in the New York City market.\u201d<\/p>\n

Mike Slattery, CBRE<\/strong>\u2019s associate director or research, said all tenants are examining their envelope of space and planning for how they will enact changes to react to hybrid work and the health of their companies.<\/p>\n

\"Michael<\/a>

Michael Slattery, Associate Director of Research, CBRE. Image courtesy of CBRE<\/p><\/div>\n

\u201cWhile Facebook may not be in a growth mode, other small, mid-size and large tech firms are very active,\u201d Slattery told Commercial Property Executive<\/em>.<\/p>\n

He added that it\u2019s not uncommon for tenants to shed space in time of economic headwinds.<\/p>\n

\u201cTenants are shedding space via the sublease market for the past two years, so it\u2019s not a shocking development,\u201d Slattery said.<\/p>\n

\u201cSome of the space reduction has been from tech but it is not outsized compared to their footprint,\u201d he added, noting tech makes up 12 percent of the sublease space and about the same footprint for occupied square footage.<\/p>\n

Timing might be right<\/strong><\/h2>\n

Tisdahl said some of the tech companies might be looking at the financial benefit of penalties of some of these early termination leases and decide it\u2019s worth it to do it now.<\/p>\n

\u201cA lot of these companies are still flush with cash and they can afford to pay the termination fee and they may begin to look at this as a way to begin some of that consolidation as they codify a hybrid model,\u201d Tisdahl said.<\/p>\n

\"Rob<\/a>

Rob Raymond, Managing Director, FTI Consulting. Image courtesy of FTI Consulting<\/p><\/div>\n

Rob Raymond, managing director, Real Estate Solutions Group, FTI Consulting<\/strong>, agreed. He said it may be happening in other Tier 1 cities where companies are taking advantage of the depressed commercial office market to reduce their footprint to be more cost effective.<\/p>\n

\u201cThey\u2019re not leaving key cities like New York and San Francisco. They\u2019re simply taking early terminations or buyouts of expensive space in order to take advantage of it being an occupiers\u2019 market right now to relocate within those cities and negotiate for better space and a better location for lower rent,\u201d Raymond told CPE.<\/em><\/p>\n

Raymond said he worked with a finance tech company located across the Hudson River in Jersey City, N.J., which is seriously considering moving their headquarters to space in downtown Manhattan that was less than $50 per square foot.<\/p>\n

\u201cIt wasn\u2019t that they were moving out of the New York area,\u201d Raymond said. \u201cYou can get a fantastic building at a fantastic rate and lock that in.\u201d<\/p>\n

Raymond stated vacancies in downtown Manhattan have not been at this level since 2001 and 2002 when that part of the city \u201cwas suffering from the double whammy of the dotcom bust and 9\/11.\u201d<\/p>\n

According to CBRE\u2019s third-quarter data, the average asking rent in downtown Manhattan was $57.69 per square foot, down 1 percent both quarter-over-quarter and year-over-year. The sublease availability was 6.7 percent, with the asking average rent down 6 percent from one year ago to $46.99 per square foot. In Midtown South, a popular tech location, the average asking rent was $82.49 per square foot, up 1 percent quarter-over-quarter and up 4 percent year-over-year. The sublease availability was 4.7 percent with the average asking rent up 7 percent from one year ago to $66.65 per square foot. The overall Manhattan average asking rent was $76.73 per square foot, down 1 percent quarter-over-quarter but up 1 percent year-over-year. The sublease availability was 4.9 percent, with the average asking rents up 3 percent from one year ago to $59.10 per square foot.<\/p>\n

\"Peter<\/a>

Peter Gross, Principal, Avison Young. Image courtesy of Avison Young<\/p><\/div>\n

Peter Gross, an Avison Young<\/strong> principal specializing in transaction management, said while activity in downtown Manhattan has been relatively low recently, tech tenants still account for 10 percent of the post-COVID activity from April 2020 to today.<\/p>\n

\u201cHistorically, downtown has seen a large share of tech leasing activity\u2014Spotify, Uber and Asana as examples. This has been a trend since before the pandemic with the rise of popular residential buildings, the ease of commute for workers from Brooklyn and New Jersey and the lower price point allowing for higher flight to quality at a lower rate,\u201d he told CPE<\/em>.<\/p>\n

Gross said the flight to quality trend continues to represent most of the activity in the leasing market in Manhattan.<\/p>\n

\u201cOf the more than 1,300 leases signed since April 2020, over 62 percent have been in Class A and trophy buildings, and this holds true for tech tenants. In Midtown South, there have been 255 leases signed since April 2020; 30 percent of the leasing activity was attributed to tech,\u201d he said.<\/p>\n

More third quarter data<\/strong><\/h2>\n

As of the third quarter, tech remains the second-most active industry segment in Manhattan, accounting for 13 percent of all leasing activity for new deals and expansions, according to CBRE. The finance sector makes up the largest share with nearly 38 percent.<\/p>\n

Slattery said Midtown South remains an attractive area for tech, making up 29 percent of leasing activity in the market in 2022\u2014the most of any industry in that submarket.<\/p>\n

Tech\u2019s footprint equates to nearly 11 percent\u2014or about 42 million square feet\u2014in Manhattan while the finance industry\u2019s footprint is 27 percent\u2014or about 105 million square feet, according to CBRE. Slattery noted both tech and finance shares of leasing continues to outpace their share of the market. For tech, it\u2019s 13 percent of leasing to date in 2022 versus 11 percent of the committed market. For finance, it\u2019s 38 percent of leasing to date in 2022 versus 27 percent of the committed market.<\/p>\n

Gross noted that post-COVID from April 2020 through today tech leasing accounts for 18 percent of new deals and expansions, ranking second to banking\/finance. He added Avison Young\u2019s data states in the third quarter of this year, overall leasing activity was at 8.1 million square feet. Of that, tech leases accounted for 7.6 percent of leases in terms of number of all leases signed, and 11.5 percent of all leases by square footage.<\/p>\n

In 2019, tech\u2019s share of leasing in Manhattan spiked to 25 percent of annual leasing due to some large mature tech firm leasing deals, Slattery told CPE. <\/em>In the years leading up to the spike in 2019, tech\u2019s average share of leasing was 12 percent, so still larger than their footprint share, indicating a growing industry, he said.<\/p>\n

While the big tech occupiers may be shedding some of that space or holding off on expansion plans, the good news is that smaller tech firms may be looking for sublease deals.<\/p>\n

\u201cWe\u2019ve been seeing more of our clients do subleases with some of these bigger tech firms where smaller tech companies might be coming in and trying to vie for some of that sublease space,\u201d Tisdahl said.<\/p>\n","protected":false},"excerpt":{"rendered":"

Uncertainty over the economy and changing work structures are among reasons why such firms as Meta are shedding space in New York City.<\/p>\n","protected":false},"author":1068,"featured_media":1004606202,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21808,1600,21742,10,21747],"tags":[37482,33022,37237,51511,51118,41600],"class_list":["post-1004606160","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-featured","category-new-york","category-latest","category-northeast","category-office","tag-amazon","tag-avison-young","tag-fti-consulting","tag-meta-platforms","tag-tenant-risk-assessment","tag-vornado"],"acf":[],"yoast_head":"\nWhy Big Tech Is Realigning Office Portfolios - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Big technology companies like Meta and Amazon are cutting back some of their Class A office space in Manhattan.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/why-big-tech-is-realigning-office-portfolios\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why Big Tech Is Realigning Office Portfolios\" \/>\n<meta property=\"og:description\" content=\"Big technology companies like Meta and Amazon are cutting back some of their Class A office space in Manhattan.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/why-big-tech-is-realigning-office-portfolios\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2022-10-10T12:05:11+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T06:13:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/10\/225-Park-Ave.-South-featured.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"790\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Gail Kalinoski\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/why-big-tech-is-realigning-office-portfolios\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/why-big-tech-is-realigning-office-portfolios\/\",\"name\":\"Why Big Tech Is Realigning Office Portfolios - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/why-big-tech-is-realigning-office-portfolios\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/why-big-tech-is-realigning-office-portfolios\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/10\/225-Park-Ave.-South-featured.jpg\",\"datePublished\":\"2022-10-10T12:05:11+00:00\",\"dateModified\":\"2022-12-09T06:13:36+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/fc5b5df1393e5023d2417bd48c2fda57\"},\"description\":\"Big technology companies like Meta and Amazon are cutting back some of their Class A office space in Manhattan.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/why-big-tech-is-realigning-office-portfolios\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/why-big-tech-is-realigning-office-portfolios\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/why-big-tech-is-realigning-office-portfolios\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/10\/225-Park-Ave.-South-featured.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/10\/225-Park-Ave.-South-featured.jpg\",\"width\":790,\"height\":620},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/why-big-tech-is-realigning-office-portfolios\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Why Big Tech Is Realigning Office Portfolios\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/fc5b5df1393e5023d2417bd48c2fda57\",\"name\":\"Gail Kalinoski\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Gail-Kalinoski-headshot.jpeg?w=86\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Gail-Kalinoski-headshot.jpeg?w=86\",\"caption\":\"Gail Kalinoski\"},\"description\":\"Kalinoski has been a contributing writer to Commercial Property Executive and Multi-Housing News since 2010 and previously wrote for three years for Commercial Property News. Gail has been a freelance writer and editor for more than 20 years, contributing to daily websites, magazines, weekly business newspapers, market intelligence newsletters, research reports, monthly B-to-B and consumer magazines. Earlier in her career, Gail worked for Gannett Corp. as an editor and reporter for 15 years. Gail has a bachelor\u2019s degree in journalism from Pace University.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/gail-kalinoski\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Why Big Tech Is Realigning Office Portfolios - Commercial Property Executive","description":"Big technology companies like Meta and Amazon are cutting back some of their Class A office space in Manhattan.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/why-big-tech-is-realigning-office-portfolios\/","og_locale":"en_US","og_type":"article","og_title":"Why Big Tech Is Realigning Office Portfolios","og_description":"Big technology companies like Meta and Amazon are cutting back some of their Class A office space in Manhattan.","og_url":"https:\/\/www.commercialsearch.com\/news\/why-big-tech-is-realigning-office-portfolios\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2022-10-10T12:05:11+00:00","article_modified_time":"2022-12-09T06:13:36+00:00","og_image":[{"width":790,"height":620,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/10\/225-Park-Ave.-South-featured.jpg","type":"image\/jpeg"}],"author":"Gail Kalinoski","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/why-big-tech-is-realigning-office-portfolios\/","url":"https:\/\/www.commercialsearch.com\/news\/why-big-tech-is-realigning-office-portfolios\/","name":"Why Big Tech Is Realigning Office Portfolios - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/why-big-tech-is-realigning-office-portfolios\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/why-big-tech-is-realigning-office-portfolios\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/10\/225-Park-Ave.-South-featured.jpg","datePublished":"2022-10-10T12:05:11+00:00","dateModified":"2022-12-09T06:13:36+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/fc5b5df1393e5023d2417bd48c2fda57"},"description":"Big technology companies like Meta and Amazon are cutting back some of their Class A office space in Manhattan.","breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/why-big-tech-is-realigning-office-portfolios\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/why-big-tech-is-realigning-office-portfolios\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/why-big-tech-is-realigning-office-portfolios\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/10\/225-Park-Ave.-South-featured.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/10\/225-Park-Ave.-South-featured.jpg","width":790,"height":620},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/why-big-tech-is-realigning-office-portfolios\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Why Big Tech Is Realigning Office Portfolios"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/fc5b5df1393e5023d2417bd48c2fda57","name":"Gail Kalinoski","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Gail-Kalinoski-headshot.jpeg?w=86","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Gail-Kalinoski-headshot.jpeg?w=86","caption":"Gail Kalinoski"},"description":"Kalinoski has been a contributing writer to Commercial Property Executive and Multi-Housing News since 2010 and previously wrote for three years for Commercial Property News. Gail has been a freelance writer and editor for more than 20 years, contributing to daily websites, magazines, weekly business newspapers, market intelligence newsletters, research reports, monthly B-to-B and consumer magazines. Earlier in her career, Gail worked for Gannett Corp. as an editor and reporter for 15 years. Gail has a bachelor\u2019s degree in journalism from Pace University.","url":"https:\/\/www.commercialsearch.com\/news\/author\/gail-kalinoski\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/10\/225-Park-Ave.-South-featured.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004606160","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/1068"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004606160"}],"version-history":[{"count":10,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004606160\/revisions"}],"predecessor-version":[{"id":1004607578,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004606160\/revisions\/1004607578"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004606202"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004606160"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004606160"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004606160"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}