Fifth Third’s move fits how companies are viewing their real estate these days, Joe Wiles, commercial real estate firm Colliers International’s managing director of brokerage services, said.
Cincinnati Business Courier
Fifth Third Bank is vacating a downtown office building as part of a broader companywide plan to reduce its office real estate by 20%.
Downtown Cincinnati-based Fifth Third (Nasdaq: FITB), the largest locally based bank and the ninth-largest U.S.-based consumer bank, will vacate all of its space in the AT580 Building at 580 Walnut St. by year-end, Fifth Third spokesman Ed Loyd told me.
Fifth Third has 200,000 square feet spanning six floors in the AT580 Building. It’ll move the roughly 800 employees who are based there to its headquarters building across the street on Fountain Square, Loyd said. It will cut short its lease to vacate the space.