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.

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