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Palo Alto-based Navan subleases top floors at 501 Congress as it doubles down on Austin

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Palo Alto-based Navan subleases top floors at 501 Congress as it doubles down on Austin

Navan Inc., a company valued at $9.2 billion, has subleased space in downtown’s 501 Congress building. The move comes at a time when downtown office activity has slowed to a crawl as companies rethink real estate needs while juggling hybrid work schedules and macroeconomic challenges. Click through to read more about 501 Congress’ latest tenant, who moved out, and get more on the broader view of downtown’s recovery. Also, subscribers can access ABJ’s list of the largest office buildings in the metro.