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Q3 2020 Florida Office Sublease Market

Florida Sublease Office Market

Cushman & Wakefield is actively tracking the sublease market throughout the state including affected industries and local submarkets. In previous economic downturns, a dramatic increase in sublease space in several markets came about as companies looked to shed excess space as headcount is reduced. Florida experienced a 22% increase in sublease space since March when the COVID-19 pandemic shocked the economy. Orlando and Broward had the largest increases at 56% and 40% respectively. As companies continue to evaluate their real estate footprint and potentially downsize, more sublease space is anticipated to hit the market in the next few months.

Click here to download the report>

Webinar: Workplace Ecosystems of the Future

Webinar: Workplace Ecosystems of the Future


The current global economic and health situations have caused workers and businesses to reconsider how and where work gets done. How often does one use their office? How does the office of the future look different? How much space is required to maximize business performance? Real estate experts around the globe are faced with difficult challenges and the ultimate question: how do you find the right balance?

On this webinar, our expert panel will discuss:

  • The historical and future role of the office
  • The impact of in-office and remote work on productivity, collaboration / innovation, corporate culture and employee experience
  • The importance of walkable places
  • Workplace ecosystems of the future

REGISTER FOR WEBINAR

Do Amenities Still Matter in a Post-COVID-19 World?

Over the past decade amenities in and around office buildings have grown in quantity, popularity and creativity. The proliferation of office amenities was the outcome of several trends coalescing into a perfect storm of office real estate transformation: stiff competition for in-demand talent, supply-demand mismatch in employment, demographic shifts, higher-than-ever expectations from users, technological advances changing how and where work can be done, and a wealth of new, high-quality office development.

However, in today’s environment, the new challenge for employers and landlords is how to create environments that attract workers back into the office. The office—its workspaces, amenities and services—will need to be redesigned to support employees’ evolving needs.

In this article, we look at: 

  • How to create environments that attract workers back into the office
  • What the future of work looks like
  • How the pandemic will impact the office real estate market
  • What changes will be implemented in a post-COVID-19 world

Read the full article.

 

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