Are office lease expirations in the Fort Lauderdale area influencing job opportunities?

• The Fort Lauderdale office market has over 4 million square feet of leases expiring between 2024 and 2026 across the five major tenant office-using industries.  
• The banking, finance, insurance, and real estate sector is on track to represent 30%, or at least 1.2 million square feet, of all leases expiring between 2024 and 2026. Despite a large number of expirations on the horizon, job postings for this sector experienced a significant increase during the first quarter of 2024, up 34% compared to the previous quarter.
• Law firms and the consulting, research, accounting, and recruiting sectors account for a combined 35% of lease expirations during the same period. Job postings for consulting, research, accounting, and recruiting occupations have also surged with a 34% increase compared to the previous quarter, reassuring landlords the stability of these businesses.

April 30, 2024

Additional resources

• View Fort Lauderdale's latest office report
• Fort Lauderdale's office job postings remain elevated compared to pre-pandemic levels

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