‘Not a surprise’ Stryker didn’t renew local office space, experts say
Stryker's 123,000-square-foot office was located at 1023 Cherry Road. (Submitted)
Stryker Corp.’s recent decision not to renew a lease on its 123,600-square-foot office campus in East Memphis is another sign of the evolving needs for office space, analysts said.
Like many other companies, the medical-technology company with more than 400 employees in the area is navigating the post-COVID world in which companies are able to work with employees worldwide to improve operations.
Employees — especially at larger companies — tend to collaborate from all around the world, hopping on video calls and working around the clock, said Chris Locke, executive director of the Greater Memphis Medical Device Council. Therefore, there isn’t a need for office space in any particular place, he said.
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Greater Memphis Medical Device Council Stryker Corp. EpiCenter Subscriber OnlyThank you for reading The Daily Memphian. Your support is critical.
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Steve Bohnel
Steve Bohnel is a Temple University graduate, originally from Bucks County, Pennsylvania. He’s worked at news organizations in Iowa, Maryland and Pittsburgh, covering local and state politics. He covers health care, transportation and logistics, public companies, banking and finance and technology. He is an avid traveler, an Everton F.C. and Philadelphia sports fan, and likes collecting records and biking around town.
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