Tenant demand for smaller office space in Fort Lauderdale surges post pandemic
![graph of office leasing activity by office space size in Fort Lauderdale before and after the pandemic](/documents/35486/96633304/Fort+Lauderdale+6.2.23_RF+%281%29.png/44334218-64f5-5892-1cf2-63c3b2074f7e?t=1685994321392)
- Since the beginning of the pandemic, there has been a notable 15% increase in the number of leases signed for office spaces measuring less than 10,000 square feet.
- Among the industries that are downsizing their office footprints, the top sectors include banking, finance, insurance, and real estate, accounting for 32% of the downsizing activity post pandemic. Additionally, biotech, life science, pharma, and healthcare contribute to 14% of the downsizing, while law firms account for 12%.
- Tenant demand for smaller move-in-ready spaces is rapidly increasing, rendering full floor availabilities obsolete.
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US-FL-FLL Fort Lauderdale