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>