FIRE and tech tenants lead the way for future U.S. office market activity

As 2023 comes to a close, office occupiers across the U.S. gateway markets remain active on the hunt for new office space.
The largest subsets of tenants in the market fall in the FIRE (finance, insurance, & real estate) and tech industries — totaling nearly 50% of all requirements — indicating from where future demand will be sourced.
Law firm requirements are third in line at 12% as the sector historically increases market activity when perceived to have the most leverage.

December 14, 2023