Item 2. Properties
ITEM 2. PROPERTIES
Our corporate headquarters is located in New York, New York. We lease administrative, technical and sales office space in various locations in the countries in which we operate. DBMG is headquartered in Phoenix, Arizona; Broadcasting is headquartered in New York, New York. As of December 31, 2021, total leased space approximates 275,885 square feet. See Note 11. Leases for annual lease costs. The Company has entered into operating and finance lease agreements primarily for land, office space, equipment and vehicles, expiring between 2022 and 2045. The operating leases expire at various times, with the longest commitment expiring in 2045. In addition, DBMG own operational facilities and sales offices throughout the United States totaling approximately 1,743,045 square feet. We believe that our present administrative, technical and sales office facilities are adequate for our anticipated operations and that similar space can be obtained readily as needed.
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