Investigate how Meta’s downsizing in Bellevue reflects the broader trend of companies rethinking office space needs due to the rise of remote work and hybrid models. Explore the “flight-to-quality” phenomenon, emphasizing how high-quality office spaces are preferred over mid-tier options, and assess its implications for the local real estate market. Consider the role of urban development in areas like the Spring District, which prioritize amenities and transportation, and how this affects business attraction. Examine subleasing as a strategic response for tech giants managing excess space and its impact on smaller businesses. Finally, discuss the potential positive and negative effects on local communities, including shifts in residential markets and opportunities for urban revitalization.