US office leasing increased by 27% in 2021, with technology companies driving demand for the largest requirements.
Occupiers overall continue to evaluate the most efficient ways to utilize office space. The recent growth in office-using employment and the slowdown of the COVID omicron variant should embolden more occupiers to make long-term decisions. The increased leasing activity in the second half of 2021 is expected to continue in 2022.
Technology companies accounted for 36 of the top 100 leases, double their share in 2020, for 11.4 million sq. ft. or 37% of the top 100 total.
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