Amazon’s North American Leasing Plummets by 1MM SQFT

Amazon Decreases Commercial Leasing by One Million Square Feet

Amazon, the global e-commerce and tech giant, has seen a decrease in its commercial leasing by approximately one million square feet, according to its annual report. The company’s leased square footage for office properties in North America dropped from 30.6 million at the end of 2022 to nearly 29.7 million at the close of 2023. However, the firm’s international office leases have increased slightly. Overall, Amazon’s total leased square footage for all of its occupied properties, including office space, physical stores, fulfillment and data centers, has increased from 617 million square feet in 2022 to 664 million square feet in 2023.