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State Farm Mulls Real Estate Needs as US Sublease Space Reaches Record Levels

Insurance Giant Prepares To Cut Jobs, Outsource IT Work
The State Farm regional campus in Richardson, Texas, spans more than 2 million square feet of office space across four buildings. The complex features a sculpture, right, of the iconic Texas longhorn sitting on top of the moon. (CoStar)
The State Farm regional campus in Richardson, Texas, spans more than 2 million square feet of office space across four buildings. The complex features a sculpture, right, of the iconic Texas longhorn sitting on top of the moon. (CoStar)
CoStar News
February 6, 2023 | 10:07 P.M.

State Farm Insurance, one of the largest Fortune 500 companies with employment hubs throughout the country, is considering subleasing some of its unused real estate, the latest corporate giant to weigh what to do with excess space.

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