Stock-Market Titans Amazon, Google and Facebook Are Also Driving Commercial Real Estate

The biggest U.S. tech companies are providing a jolt to the slumbering commercial real-estate business, emerging as major tenants and acquirers of office and other space while many nontech firms are trying to tear up their leases.

Five of the biggest property owners in the tech industry—Amazon.com Inc., Facebook Inc., Apple Inc., Google parent Alphabet Inc. and Microsoft Corp.—together occupy around 589 million square feet of U.S. real estate, according to CoStar Group. That is more than all of the office space in New York…

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